Notable Quotable

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“One of the signs that you have entered into a mania phase is when people have trouble absorbing non-conforming information. ‘Confirmation bias’ is a psychological behavior where individuals disregard any information which conflicts with their current beliefs. While that bias has always been problematic for investors, in recent years, as individuals lock themselves inside their ‘social media echo chambers,’ it has worsened.”

Lance Roberts
Real Investment Advice

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