What Do the Best Investors Do That the Rest Don’t?
behavioralvalueinvestor.substack.com
What Do the Best Investors Do That the Rest Don’t?
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Re: What Do the Best Investors Do That the Rest Don’t?
#2Perhaps it falls under biases but I'm surprised he didn't mention: Know when to quit. Or more precisely: Define your exit points and stick to them.
That is, we all have a tendency to double down on bad decisions (as things go sideways). Or we get greedy as things go well and hold longer than we should.
Re: What Do the Best Investors Do That the Rest Don’t?
#3Perhaps it falls under biases but I'm surprised he didn't mention: Know when to quit. Or more precisely: Define your exit points and stick to them. That is, we all have a tendency to double down on bad decisions (as things go sideways). Or we get greedy as things go well and hold longer than we should.
Looks like it was under temperament:
"Some people are able to remain rational and continue to follow their process even under great duress or during periods of external upheaval. Others get swept up in the emotion that typically runs amok during such circumstances, and abandon their discipline."
Re: What Do the Best Investors Do That the Rest Don’t?
#4[dead]
Re: What Do the Best Investors Do That the Rest Don’t?
#5Perhaps it falls under biases but I'm surprised he didn't mention: Know when to quit. Or more precisely: Define your exit points and stick to them. That is, we all have a tendency to double down on bad decisions (as things go sideways). Or we get greedy as things go well and hold longer than we should.
On that note, what’s the easiest way to build a personal trading bot? Something in a simple language, that I can still nacktest perhaps stock and options.
Re: What Do the Best Investors Do That the Rest Don’t?
#6Perhaps it falls under biases but I'm surprised he didn't mention: Know when to quit. Or more precisely: Define your exit points and stick to them. That is, we all have a tendency to double down on bad decisions (as things go sideways). Or we get greedy as things go well and hold longer than we should.
On that note, what’s the easiest way to build a personal trading bot? Something in a simple language, that I can still nacktest perhaps stock and options.
There isn’t - you are competing against big bank trading bots in a world where the best bots win.
Re: What Do the Best Investors Do That the Rest Don’t?
#7They get retroactively anointed 'good investors' due to survivor bias.
Re: What Do the Best Investors Do That the Rest Don’t?
#8They get retroactively anointed 'good investors' due to survivor bias.
And then out of the thousands of traits present in these investors, the 5 that this selected group happen to share, and seems quite logical, at times seem insightful, will end up in a blog.
Re: What Do the Best Investors Do That the Rest Don’t?
#9Let me guess : "post platitudes on HN"?
Re: What Do the Best Investors Do That the Rest Don’t?
#10> Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper.
https://business.columbia.edu/cgi-finance/chazen-global-insi...