"Tales from the Database Clues for Profit?" Series_ Part 1
Tales from the Database
Clues for Profit?" Series
Part 1I have 3026 issues in my database and that will be moving higher. In previous posts I have defined my metrics that I apply in my journey of comic-book speculation. We must attempt to move away from emotional opinions as we become trapped within our cognitive biases. Development of metrics allow you a chance to leave your "feelings" behind as you can.
Biases are the traps that we as comic-book speculation players must acknowledge. Biases should be considered tendencies that lead us away from good or better judgments. So using our emotional driven heuristics that occur during our fast and frugal approaches to a investment decision, cognitive biases will exist as “land mines” we must be aware of. There are a lot of documented cognitive biases.
A. Confirmation Bias.
B. Overconfidence or Over-Prudence
C. Status Quo
Your bias is really against anything new. You can miss out on changes, market movements and better approaches. Never be satisfied with how you are investing. Be awake to the new patterns and ways to make money.