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Two Self-Delusions That Can Cost You Dearly

Truth No. 1: More money probably won’t make us significantly happier. Truth No. 2: We’re highly unlikely to beat the market averages.

There’s ample evidence to support both statements. Intellectually, we may even accept their truth. And yet we’re confident we’ll be much happier if we get a pay raise. Meanwhile, we are holding off on our next stock purchase, because we’re sure prices will be lower a month from now.

via Two Self-Delusions That Can Cost You Dearly – WSJ.

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