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?
Posts
CW,
ReplyDeleteYou 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!
GIC and Temasek did show us something - lower risks likely be lower return.
ReplyDeleteWant higher return; then consider taking higher risks but no guarantee too.