overcoming emotional biases creates good investments

Warren Buffett said, “The stock market is a highly efficient mechanism for the transfer of wealth from the impatient to the patient”.  Like Buffett,  rely on an evidence-based patient discipline that recognizes the randomness of short-term results. Admittedly understand that the irrational behavior flaws of humans leads us all to make investing mistakes and we seek to do three things as a result:

• Prevent ourselves from succumbing to emotional biases by sticking to a balanced investment discipline.
• Deter ourselves from succumbing to emotional biases by developing a long-term plan.
• Exploit the emotional biases of others using evidence-based strategies like value investing.