I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Saturday 3 May 2014

Outcome bias??? Really that bad???


Just For Thinking ...

You caught a big fish!







Soon other big fish fishermen will slowly move near or around your fishing spot.

Fishermen by nature are outcome bias!

When there is outcome; there is hope.

It could be the last fish at the fishing spot that was caught.

Never mind.  No try. No hope.

Not outcome bias. Then what?

So Uncle8888 by natural is outcome bias. When he sees how other best investors huat; he knows got hope to huat too.























Benchmarking to the well-known investors to narrow down our investment performance gap is outcome bias too. Right?

So is outcome bias really that bad?






2 comments:

  1. CW,

    You always poke fun at GIC. Wait they tak boleh tahan and ask their Temasek cousin to rub sand in your face than you know!

    LOL!

    ReplyDelete
  2. GIC and Temasek did show us something - lower risks likely be lower return.

    Want higher return; then consider taking higher risks but no guarantee too.

    ReplyDelete

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