A great investor will challenge their own ideas

The ability to challenge your own ideas was one of the investor attributes that Hamish Douglass said he admired and aspired to in the recently released Magellan Global Annual Investor Report. “Confirmation bias is one of the primary causes of investment mistakes”. Douglass believes that a good investor will seek to challenge the status quo and find information that disproves their investment thesis. The admired investor will push against inherent human tendencies and be obsessed about analysing the facts, will always be rational in deciding a course of action, will understand the limitations of their own knowledge, will continuously challenge their best ideas and will remain completely unemotional in their decision making not withstanding the environment they are in. For the full list of 11 investor attributes that Douglass admires click here (VIEW LINK)

1 stock mentioned

Magellan was formed in 2006 by Hamish Douglass and Chris Mackay, two of Australia’s leading investment professionals. The company specialises in global equity and listed infrastructure assets.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment