Anchoring Bias
This post is about Anchoring bias in humans.
Category: Behavioral Economics
How foolish are you willing to look
Warren Buffett said that he and Charlie are willing to look foolish provided they have not acted foolishly. In this blog, I am saying this is a superpower because it allows you to not fall for social proof and making independent decisions.
Bias for now
Humans spent a majority of the time as hunter – gatherers. Therefore we have a bias for immediacy. This is both good news and bad news. Good news when we can use dashboards and other real time feedback for improvement. Bad news because Compound Interest is an invention of civilization which we are not programmed for.
Best of times, worst of mistakes
This blog is about money. And how over centuries we seem to be making similar mistakes with it.
We’ll See – 2
Change is hard yet underestimated and we must not declare victory too soon because things tend to revert to mean. This is a sequel to the previous blog on the importance of being skeptical.
Unpopular investing
Investment should be about making good long term returns. It’s not about winning a popularity contest.
Interest upon Interest 