Confirmation bias is a disease. It strikes investors everywhere, and you must find some way to immunise yourself against it. As soon as i start feel this is, so, this is me. We're different. And when i start having those feelings, and i'm saying feelings on purpose, cause it's not even really conscious thoughts, it's really, like, feelings of excitement and feelings of of infatuation. That's what keeps me coming back to my investing sharpes. Having those feelings is really fun, as why people like to go dating,. but i don't want it to cloud my judgment. So let me go downt that straight a front. Oh, that was
Continuing their discussion on the biggest investment question mark that is Netflix, Phil and Danielle dig deeper into helping you figure out complex, and seemingly impossible to invest in companies.
While Netflix may be almost impossible to understand and wrap your head around investing in, there’s still value in looking at it through the lens of basic Rule #1 investment practices that will help you learn how to avoid confirmation bias and invest logically.
Tune in to this episode of InvestED to hear what we can learn about investing from complex companies like Netflix, and people that do choose to invest in them.
To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zzKVOd
Resources Discussed:
Topics Discussed:
- Confirmation bias
- Investing in companies that are “too hard”
- Rule #1 investing basics
- Understanding moats and management
For show notes and more information visit www.investedpodcast.com
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