Calibrate your confidence and correctly anticipate your regret

Judgement Mantra

  • 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

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