Because most people are more emotional than logical, they tend to overreact to short-term results; they give up and sell low when times are bad and buy too high when times are good.
The Author of this Quote
![Ray Dalio](/_next/image?url=https%3A%2F%2Fassets.heroic.us%2Fauthors%2Fheadshots%2Fray-dalio.jpg&w=640&q=75)
Author
Ray Dalio
Founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker