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Rajiv
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| 29 October 2008, 13:11:57 |
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Hi
I guess every participant is biased to a certain extent. For e.g., somone who is long maintains that position simply because he feels that the market is going to go up and vice versa.
Secondly, I have realised that in life and not just in stock market, if you take a decision basis someone else's advise and if things don't turn up the way you expected than you tend to blame the other party (the advisor!!!), whereas if you take a decsion basis your own judgement and then things turn up the other way, you try and figure out the reasons for it and make corrections if required. Thus I feel that there should be an element of responsibility on us rather than going by what someone else is saying.
Lastly, everyone holds the right to be wrong. We all know that no one can look into the future so if we believe that someone else knows...than we are fooling ourselves.
Happy Investing this new year!!! |
