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Confirmation bias


Are you aware of the notion of confirmation bias? Confirmation bias is something that can ruin an investor. This is the tendency that all of us has to favour evidence that supports our existing perceptions. One of the best defence against confirmation bias lies in proper back-testing. This is easier said than done though and it requires a lot of work. The best defence against it is simply to cultivate the habit on independent thinking.

#WarrenBuffer #Stockinvesting #confirmationbias

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