James Montier – Thinking About Thinking
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Very informative read! As you say, knowing what you are thinking and knowing why you might favor a certain decision are key to getting better at many tasks, including investing. Understanding heuristics will definitely help one make more rational decisions. But knowing about heuristics in a cold state is different than applying that knowledge in a hot, emotional state. This is where I think meditation, which leads to mindfulness, can help us recognize when we are acting emotionally and to our own disadvantage. I’ve devoted a whole website to mindful investing for just this reason.