Posts tagged with “mistakes”

Sep 30, 2021
Not Thinking Clearly
A couple of weeks ago I wrote a post on why one should avoid unforced errors (a situation you are completely in control and you make a mistake). So I thought about the unforced errors I made in just one aspect – stock picking. And boy there are a ton of them. But before we get to those mistakes, I had also finished reading (or rather listening to) The art of thinking clearly. An excellent book on all the biases we fall prey to. So I thought I should give a name to my biases and delusions as I tried my hand at stock picking. If you don’t know, I performed very poorly at picking a stock and the story is available on one of my previous posts if you are interested.
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Sep 14, 2021
Be Smart Or Not Be Stupid?
It is amazing how many people focus on being smart than avoiding stupidity. One could be the smartest person in town, but if they keeping making silly mistakes, eventually the mistakes pile up enough to waste a smart decision. This is even more true in investing. I am one of those people trying to be smart instead of avoiding mistakes. This reminds me of an article I read a long time ago about the findings of a scientist and statistician Simon Ramo.
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