5min chapter

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

TIP487: Warren Buffett’s 12 Investment Principles (with a Case Study)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Overcome Overconfidence and Overconfidence in Investing

Most investors are highly confident that they are smarter than everyone else. Overconfidence can lead to us making some really simplified and dangerous assumptions. Loss aversion is the human tendency to dislike the loss of capital more than the same level of gain. If you're applying Buffett's focused investor approach, my best advice would be to thoroughly study whatever company it is you're looking to purchase.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode