Stock Stories

These are some thoughts about what I wish I had known when I started investing.  I could have paid more attention to these lessons and saved a lot of money.  Because I made some of these mistakes, I am STILL paying for it in my portfolio.  I don’t want you to go through what I went through.I'd like to give a special shout out to some of my fellow investors out there who contributed their thoughts to this episode:Harvir - @millenial_mogul_investingMabel - @girlsonthemoney (check out our interview in Episode 96)Teri - @imaninvestor (check out our interview in Episode 91)Hari and Beko - @valueinvestortvThe 8 mistakes, and their accompanying mental models are:Lack of Basic Financial Literacy (and lack of Mental Models as a general concept)Buying A Stock Because You Like the Product or Service (Endowment Effect)Placing Emphasis on Price, Not Value (Mere Exposure Effect)Placing Emphasis On Recent Stock Performance (Recency Bias, Scarcity)Failing to Recognize Cyclical Businesses and Business Cycles (Dunning-Kru