I like to share with you what I have learned from an article I read this morning.
This article gives a distinct and useful differentiation between a good decision and a good outcome. A good decision is a logical one while a good outcome in the context of investment is a profitable one. We all want good outcome but how many of us will spend the time and effort to make a good decision. This is especially so when a good decision doesn’t necessarily guarantee a good outcome.
When we have a bad outcome (aka lose money), many of us will say that we make a bad decision. But is that true?? I am sure you have experienced bad decision turns out good outcome (lucky loh ).
Many of us tend to rely on our experience and instinct when it comes to stock purchase. We enjoy the “high” feeling of …