My takeaways
the investors chief problem-and even his worst enemy is likely to be himself (referring to the making of investment decisions)
right strategy, but don't have the patience to let it work.. (aray!)
confirmation bias - when you google something, the article that most interests you would be those that confirm what you already believe, this may be the reason some speculators hold on to losing position far longer than they have to
money is not technical, its behavioral (quote of boss rex)
on the question on how many rivets are there in the eiffel tower - you most probably will not give a large range but instead try to give an "intelligent accurate guess" because people may think " hindi ka matalino!" ha ha ha
halo effect - we try to make an "educated" guess even though we know its wrong (sobrang bilib sa sarili?)
the mind needs an excuse to change (quote of boss rex)
confirmation bias - when you google something, the article that most interests you would be those that confirm what you already believe, this may be the reason some speculators hold on to losing position far longer than they have to
money is not technical, its behavioral (quote of boss rex)
on the question on how many rivets are there in the eiffel tower - you most probably will not give a large range but instead try to give an "intelligent accurate guess" because people may think " hindi ka matalino!" ha ha ha
halo effect - we try to make an "educated" guess even though we know its wrong (sobrang bilib sa sarili?)
the mind needs an excuse to change (quote of boss rex)
market drivers for 2022
- demographic sweet spot (our young population)
- election year (does this surprise you?)
- revenge spending (hope I can participate in this ha ha ha)
- economy re-opens (herd immunity?)
thank you boss rex! you're the best!
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