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13min chapter
TIP614: Investing Guardrails: Avoiding Common Mistakes w/ Kyle Grieve and Clay Finck
We Study Billionaires - The Investor’s Podcast Network
Navigating Cognitive Biases in Investment Decisions
The chapter delves into various cognitive biases that affect investing decisions, such as confirmation bias, anchoring bias, and impatience. It emphasizes the importance of identifying these biases and actively working to mitigate their negative impact on investment strategies. The discussion highlights the challenges of holding on to winning stocks, recognizing when a thesis is no longer valid for losing stocks, and the merits of investing in quality businesses with patience.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode