Exercise While Lying In Bed? Really?
An Economic Commentary by Patrick T Bulger | The Distilled Perspective
First, before we begin:
A few simple evaluation questions...
1) How do you measure Your Risk?
2) How deep is your data system for evaluation of investment situation?
Now the Exercise!
Keyboard Ready… Now Search the following:
- Recency Bias,
- Over Confidence Bias,
- Confirmation Bias,
- Dunning-Kruger effect,
- Greater Fools Theory,
Now cross that with your fundamental belief systems on investing.
Key Takeaways:
You've had a plan for up.
What's your plan for down?
You've made it, Do you have a plan to hold onto it?
"Remember, in the business of you,
your psychology, your data, and your process
will either limit or expand your potential."
If you're discovering that you may be interested in the second portion of the term Boom/Bust,
to schedule a discussion, hit the ask button.
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