3min snip

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

RWH042: Survive & Thrive w/ Guy Spier: Part 1

We Study Billionaires - The Investor’s Podcast Network

NOTE

Modes of Decision-making in Investing

The speaker highlights three different modes of decision-making in investing. The first mode involves undiscovered, non-controversial ideas where rational decision-making works best. The second mode includes controversial ideas where emotions from the market can cloud judgment. The third mode pertains to becoming emotionally attached to a position that has already gained significantly, leading to irrationality. The speaker emphasizes the importance of understanding these different modes to enhance investment decision-making and avoid pitfalls.

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