Bias in Investing
17-11-2014, 10:14 AM
I came across this quiz of State Street on Investing Bias.
For those who are interested in checking what your bias is, please check it out https://www.qzzr.com/quiz/investment-bia...cy8yNTUyOA
18-11-2014, 07:14 AM
Mine. "Result: Congratulations! You scored very well on this quiz."....
18-11-2014, 07:21 AM
Result: Based on this quiz, your predominant bias is an Anchoring Bias
Beginning an analysis with a default number in mind and adjusting up or down from that number. The “anchor” number often unduly influences the ultimate conclusion.
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18-11-2014, 09:15 AM
(17-11-2014, 01:46 PM)violinist Wrote: Only half correct for me - holding on to loses too long. Ya lol! And always buy too early and sell too early. Mai Pen Rai. Is it Thai for never mind?
WB:-
1) Rule # 1, do not lose money. 2) Rule # 2, refer to # 1. 3) Not until you can manage your emotions, you can manage your money. Truism of Investments. A) Buying a security is buying RISK not Return B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return. NB:- My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore. |
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