Sunday, 13 March 2016
Read? It happened again – Self-enhancing transmission bias
The good news is: Apparently everyone shares their successes more than their failures.
The bad news is: This Self-Enhancing Transmission Bias leads to a false perception of reality and inability to accurately assess situations.
CW8888: Well said. Good one!
Hope more hobbyist bloggers will share more reality on investing and trading. It is not like those bloggers with vested interests sharing that you follow this and that. You will get XX% annualized return.
Not that easy folks!
But, it is still okay if you treat your course fees like losing your money in ToTo or 4D.
When Uncle8888 showed these images to some of his younger colleagues who think that long-term investing is the path to financial independence. He hopes that these images will strike them hard enough. Long-term investing may NOT necessary end up with more wealth if they got it seriously wrong somewhere along their investing journey.
Look careful. What it takes to be successful but bulk of the time is NOT!