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Ulysses and The Sirens
The story encourages individuals to think beyond immediate gratification and consider the potential consequences of their actions on their overall well-being and goals. The story of Ulysses and the Sirens is often interpreted as an allegory for the struggle for self-control and the ability to resist short-term temptations for the sake of long-term well-being or success.
Watch more of this short video from The Many Ways Our Irrational Minds Sabotage Our Wealth | Dan Ariely, Behavioral Economist.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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