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There’s something to be said for sticking your head in the sand and ignoring reality. (Photo: Shutterstock)

The 2008-2009 market downturn was the worst fall in the memory of most investors. When they opened their 401(k) statements in the first quarter of 2009, many investors panicked. They committed the second-worst sin an investor can commit: They sold low. (The worst sin is buying high.)

Christopher Carosa


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