TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
We Study Billionaires - The Investor’s Podcast Network
Understanding Scarcity Bias in Investment
This chapter discusses scarcity bias in investment, particularly in NFT markets, and the dangers of equating scarcity with value. It contrasts the investment philosophies of Warren Buffett with today's speculative trends, emphasizing the importance of cash flow and the risks associated with emotional decision-making. The discussion further offers historical insights and practical strategies for safe investing in volatile markets, highlighting the significance of solid business fundamentals over speculative growth.
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