“In the meantime let’s all memorize the eleven cognitive bias’s posted last week (hat tip to Osage).”
That was good. I recognized some things I need to work on.
I found this interesting
The Trade of the Century;
When George Soros Broke the British Pound
http://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/
Exactly! Checking to see if our thinking is good by thinking about it is a problem. Wikipedia has a bigger list of what they call 'cognitive bias' too, plus a huge pile of big words on how to deal with them, but what I eventually have to do is just look at my bottom line. If I'm making money I think the same way and if I'm not I change my approach.
