The more fees they can earn the better for them. If you ask the question to any investor, I think 90% of them will say they are patient. But the numbers tell a different story. Patience which equates to suffering if your stock goes sideways and the market goes up is hard.
Great breakdown of mental models! Your points on behavioral edge and looking at companies from multiple angles match my NASDUCK approach. This type of thinking is exactly what separates the pros from the amateurs in today's market.
I think we should and we do mix different types of thinking anyway. Thinking by analogy is useful when we do quick scan and try to quickly discard as many companies as possible. If you always use "harder" levels, you will never have enough time to find good opportunities.
You can use thinking fom analogy when going through hundreds of company filings to develop pattern recognition. When you find a great opportunity, you can switch your mental technique to dive deeper into the company. At least that's how I do it.
Patience is super important, the finance industry is based around action
The more fees they can earn the better for them. If you ask the question to any investor, I think 90% of them will say they are patient. But the numbers tell a different story. Patience which equates to suffering if your stock goes sideways and the market goes up is hard.
Great breakdown of mental models! Your points on behavioral edge and looking at companies from multiple angles match my NASDUCK approach. This type of thinking is exactly what separates the pros from the amateurs in today's market.
I think we should and we do mix different types of thinking anyway. Thinking by analogy is useful when we do quick scan and try to quickly discard as many companies as possible. If you always use "harder" levels, you will never have enough time to find good opportunities.
You can use thinking fom analogy when going through hundreds of company filings to develop pattern recognition. When you find a great opportunity, you can switch your mental technique to dive deeper into the company. At least that's how I do it.
Exactly, that's what I meant