Calibrate your confidence and correctly anticipate your regret
|Sina Motamedi||Aug 8, 2019|
Investors are successful by thinking slow.
Investors that are chasing rallies are thinking fast, using the heuristic that makes people feel safer in groups or other forms of social proof. (Safety-in-numbers bias, social proof)
Deep value investors that go through every footnote in 10 years of a company’s financial reports, on the other hand, are thinking …