Most of us get that bit wiser after an event that causes us to lose money, such as falling for an online scam. Chances are we would never fall for a similar ruse again: Once bitten, twice shy, as the saying goes.
But this rule apparently does not apply to many investors who prefer to believe that tomorrow will always be better.
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A version of this article appeared in the print edition of The Sunday Times on July 19, 2020, with the headline ‘6 tips on navigating an investment storm’. Print Edition | Subscribe