Anchoring is a well-known cognitive bias in investing. Less well appreciated is that we tend to anchor not only to price but also to sentiment. An ability to imagine a change in sentiment is a superpower.
2
9
114
Replies
@JMihaljevic
That's why I don't like to publish my investment thesis, because once you do, it becomes very difficult to recognize you were wrong and exit the position....
0
0
3