To be successful in investing, it’s important to avoid unforced errors.
Beliefs, Misconceptions & Behaviors [The Big Picture] – “How can we avoid the avoidable unforced errors?
The short answer: Be aware of your own bubble. Be conscious of your own biases. Practice good information hygiene. Always revert to first principles. Ask yourself why you believe in what you believe, and if there is no longer a valid reason, then discard that money-losing falsity. Make fewer decisions. When you do make a decision, make sure you have a good process underlying it.”
Investing is, for most people, a Loser’s Game.