Family 01 of 04 · “I trust my judgment.”
Conviction
Success in investing comes from independent thinking. Decisions are shaped by confirmation bias and overconfidence, as well as attachment to their own views. Analytical, self-reliant, and comfortable defending unpopular opinions.
The ProphetLong horizons, big ideas
The ScholarLooks where others will not
The InquisitorEvidence over intuition
The Market SageBalance across the boardWhat separates them
TypeCore biasesAnti-biases
The ProphetConfirmation · OverconfidenceHerd mentality · Loss aversion
The ScholarOverconfidence · ConfirmationHerd mentality · Recency
The InquisitorAmbiguity aversion · ConfirmationOverconfidence · Recency
The Market SageLow across all sevenA high score in any of them