Here s how you can overcome biases towards your investments Updated Feb 02, 2021 | 15:51 IST | Charandeep Singh and Varun Daga
Girik Capital s Charandeep Singh and Varun Daga are back with their latest piece on how to keep emotions away from interfering with your investing decisions. Representational Image | Photo Credit: Getty Images
Here s a checklist on how to build a framework, to stop your biases from derailing your investments.
Investing Without Biases
The value investing guru Benjamin Graham famously said in his book “The Intelligent Investor”, “To invest successfully does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding the framework.”
Amateur s Guide To Getting Quick Return On Investments
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Robert Allen
There have been plenty of opportunities in the past year to make money a lot of money and to make it fast.
My newsletter,
Forecasts & Strategies, is geared to the long-term investor, but every once in a while, stocks and funds can suddenly take off.
For example, we doubled our money in a no-load mutual fund in six months that invested heavily in Tesla, the electric car company.
Then we doubled our money again in a bitcoin investment in three months.
But those rapid profits are rare, especially in exchange-traded funds (ETFs) and mutual funds.