Seeing the markets these days is not just challenging...đ€
It brings to mind how for years, when seeing good returns I used to treat them as something I've realised. đ
When, in turn, markets were defeating my expectations I used to shrag off any responsibility; the markets are down; there's a lot of volatility these days etcđł
Sounds familiar I'm sure.đ This type of behaviour it's so prevalent that it has earn itself a name: self-serving bias.
âWe attribute the results that we want to our behaviours and those that we are uncomfortable with to external behaviours/factors.
đThis also means that we fail to draw the right conclusions from our past decisions.
We fail to improve the decision-making process and even repeat mistakes that we've done in the past.
đ€«Even if I know about this faulty way of thinking I still find myself thinking this way.
đI am however conscious of the bias as work and learned to see beyond it. At first it was a rather uncomfortable process...over time it became both comforting and reliefing. I find comfort in the things that I lean from my mistakes and my fortunes. I find relief in recognising the emotions and body reactions that these experiences have triggered inside me. We cannot manage what we don't acknowledge.
âWhat are your saying to yourself when markets defeat your expectations?
â How do you manage yourself to be able to manage monies?