We all have a preferential set of intuitions, feelings, and ideas.
Less poetically characterized by the term “bias”.
These little quirks in our thinking pose a challenge to our ability to weigh evidence accurately to arrive at truth. Bias is that fat thumb that experience puts on the scale.
Bias is an intuition – a sensitivity, a receptiveness – that acts as a lens or filter on all our perceptions.
As it happens we have at our disposal an immeasurable assortment of biases, and their combination in each of us is as unique as a fingerprint. These biases mediate between our intellect and emotions to help solidify perception into opinion, judgment, theory, and often ideology, which frame how we see the world.
Let’s assume you have a wonderful stock in your portfolio that is 40+% down from your entry price.
