Self reliance at the heart of successful investing

If you always look to others for confirmation that you are right you will never be self-reliant.
If you always look to others for confirmation that you are right you will never be self-reliant.
If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.
Subjective confidence in a judgment is not a reasoned evaluation of the probability that this judgment is correct
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
We need to have full confidence in our judgement about a company if we are to make a serious financial commitment to it. But, the strength of our belief that we are right has nothing to do with the validity of our judgement. And, if that sounds weird, blame in on behavioral psychology.
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