8) Don’t Talk About Your Investment Publicly

Over the years, author realizes it is bad to publicly talk about the stocks he owned

People think : are you afraid of people stealing your ideas?

Author: no, it messes with my head


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Once we make a public statement, it is hard to back away from what we’ve said


1966, there is this famous psych experiment “commitment and consistency principle”
• resident were as to do something that would not cost much money but would help their neighborhood?
• A few days later, they were asked to pub an ugly sign on their front lawns to stop drivers speeding
• The resident agreed to it before, felt obliged to install that ugly sign on their lawn



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Hence ,talking about it makes it harder to behave in a rational way

It is much easier you know people are not judging you and



The RULE
Don’t say anything publicly about your investment that you may live to regret