Translated from Spanish · See the original
Forget Shakespeare. Open an investment account and start a journal.
Suddenly, you experience every cognitive bias imaginable. Every single one.
Confirmation bias, overconfidence, loss aversion, herd mentality… you name it.
Euphoria when it goes up.
Fear when it falls.
Denial when it goes against you.
Arrogance when you get two right in a row.
You experience every cognitive bias imaginable, along with every emotion you can think of
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I'm moving back to Spain 🇪🇸 For those of you who missed yesterday's big news: over the next few months, I'm leaving my job in Switzerland and moving back to Spain to work on my projects full time. I have too many ideas and too much to do. And not enough time.
Personally, I find it easy to buy the dips. On the other hand, I find it really hard to buy when prices are going up. It’s a pattern I’ve noticed in my own behavior, and it always makes me bet against momentum. A year ago, I forced myself to fix it, and I have to say the results have been very positive.
What’s the best or worst financial decision you’ve made that still haunts you to this day?
