Patience Arbitrage: A Behavioral Guide to Long-Term Investing

A Beginner’s Framework for Ownership-Based Investing By David Berkowitz | VAP Wealth Advisors | March 2026 TL;DR Your brain treats a falling stock chart like a charging predator. The amygdala elicits the same fight-or-flight response to financial losses as to physical threats [PMC Neuroscience Study]. Loss aversion makes a 30% decline feel twice as painful […]

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