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Podcast: The Real Investment Show (Full Show)
Episode: 2-3-26 The Trap of Chasing Returns
Description: Most investors don’t blow up because they “didn’t know enough.” They blow up because they frame the decision wrong.
Lance Roberts & Jonathan Penn break down narrow framing—the behavior where investors judge one investment in isolation (“Why don’t I own that?”) instead of evaluating results through the entire portfolio and a long-term plan.
When something becomes “hot,” it feels obvious, safe, and inevitable. But return-chasing often ends the same way: buying after a big run, then selling after the first real drawdown. That cycle turns investing into reaction instead of strategy—headlines instead of planning, emotion instead of discipline.
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