2022-12-19 23:01:21
Why Am I Still Wrong: Even with Research? Have you heard of the saying
"narrative beats investing"? It means that sometimes people's
thoughts and beliefs about an investment are more
powerful than the investment's actual details.
In other words, the "story" or explanation around an investment can sometimes
have a bigger effect on its value than the investment's actual performance or worth.
For example, let's say there's a company with financial problems but a strong brand and a story about future growth. Even though the company has financial problems, investors might like the
company's story and think it has potential, causing the stock price to go up. On the other hand, a company with good financials but a weak story might have trouble getting investments.
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