Re-reading Kahneman's “Thinking, Fast and Slow”

Re:Re-reading Kahneman's “Thinking, Fast and Slow” by WalterBright on Monday July 04, 2016 @07:28PM (#12033554)

My most useful takeaway from the book is how cognitive biases negatively influence one's investment returns. I've been applying this to my own investment strategy, trying to avoid those biases.

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Re:Re-reading Kahneman's “Thinking, Fast and Slow” by ersii on Tuesday July 05, 2016 @09:26AM (#12036242)

Have you had any successes or failure while trying to apply that to your investing strategies so far?

Any particular cognitive bias you're focusing on mitigating?

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Re:Re-reading Kahneman's “Thinking, Fast and Slow” by WalterBright on Tuesday July 05, 2016 @03:30PM (#12038899)

I struggle with the loss aversion bias.

Because even in a good year I've done worse than the indices, I've swallowed my pride and shifted much further towards buy-and-hold in indexes.

It's only been a year, so no really valid results yet.

A successful strategy I've used for a long time is to hold my winners instead of selling them to "lock in" the profits.

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