6min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Anchoring

Investors are taught to be very disciplined and sticking to their prize target. But they rarely really upvate that hundred. So how do you combat that? How wout do because they're worried about flip flopping, or having their value estimate move all over the place. My solution has been to have small changes all the time, proportionat to small fundamental development. And another thing is i have what i call a bright cell tracker for every investment I make. That's green means my thesis actually devat in that quarter from basinal facts based on my opinion. There could be no excuses; this could be purely an economic recession. Its red means its color coated with bright blue information

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