6 Ways to Make Smarter Investment Decisions


Decision Making, Investment Process, Psychology

Here are a few psychological tools that can instantly help you to make better investment decisions. Distancing In 1985, Intel has a tough decision to make: expand its core memory chip business that is rapidly losing money due to heavy competition from Japanese counterparts or bet on their nascent but fast-growing microprocessor business. There was […]

Wanna Bet?


Decision Making, Investment Process, Luck, Probability, Psychology

Our intuition works like this:  Decision → Outcome (feedback) → Better Decision You burn your hand (outcome) after touching a hot stove (decision) or place your feet on the brake (decision) slows down the car (outcome), we use outcomes as feedback to change our actions and make better future decisions. But there’s a caveat.  In […]

21 Lessons in 2019


Decision Making, Independent thinking, Investment Process, Reflection

A few things I learned over the past year. 1. Process first, analysis second, margin of safety last A robust process can prevent a poor analysis but a good analysis can still create silly mistakes. Let’s say a stock is an excellent buy for 10 reasons. That’s a good analysis; your judgment comes from facts […]