Confirmation Bias
Confirmation bias is a type of cognitive bias that involves giving more weight to information that confirms one’s existing beliefs or biases, while giving less weight to information that contradicts those beliefs or biases. This can lead to distorted or one-sided thinking, and can prevent people from objectively evaluating new information or evidence. Confirmation bias can influence people’s decisions and behavior in many ways, and it can be difficult to overcome because it often operates at an unconscious level.
Too late to catch the tail. I think there is no way to overcome this besides operating with strict discipline.
The wrong reinforcing belief keep me from seeing the correct process, which is I don’t pick the stock, the stock picks me. I’m the caboose get pulled by the train.
One way to overcome confirmation bias is to actively seek out information that challenges your existing beliefs and biases. This can help you to see things from different perspectives and consider a broader range of evidence when making decisions. It can also be helpful to try to be open-minded and curious, and to avoid making assumptions about other people or situations. Another approach is to consider the source of the information you are evaluating, and to look for information from multiple sources that can help you to evaluate the evidence more objectively. Additionally, involving other people in your decision-making process can help to counteract the effects of confirmation bias, as they may have different perspectives or information that you do not have.
Again, 70% of it is sizing.