Good investing skills:
- Lack of FOMO
- A well-calibrated sense of your future regret.
- A sensitive bullshit detector.
- Respecting luck as much as you respect risk.
- Identifying what game you’re playing and not being persuaded by people playing different games.
1/ Some thoughts on recent results in the stock market. If you are an investor (as opposed to a speculator) remember that you are buying partial stakes in *businesses.* Would you be comfortable owning the business for years to come if there were no stock price?
Meme spread after Brazil’s deep-water auction today. Makes fun of European companies pouring billions of dollars💰in fresh crude despite promises to transition. Public opinion wants to break up with oil? Well, developing countries will gladly absorb that production, babe. 💍
Logical fallacies are errors in reasoning that undermine the quality of an argument.
THREAD: 20 common logical fallacies to learn, identify, and avoid: