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If you excuse investment concentration by telling yourself that your familiarity with domestic companies or specific sectors helps you understand those investments better, your familiarity bias is the excuse for your familiarity bias.
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― Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
― Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
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Once your investment account has touched a peak value, it's almost impossible to forget that number.
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