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Re: JJ8 post# 143678

Sunday, 11/03/2013 1:12:05 AM

Sunday, November 03, 2013 1:12:05 AM

Post# of 796830
In all endeavors there is potential and actual bias. The 'bias of ownership' is one type of bias. However, bias, being a gross mental behavior and habit, bias can be discovered and removed. In fact, removing bias is an adaptive behavioral strategy that enhances opportunities and reduces risks even though discovery and removal may be discomfiting and painful.

To discover and use incontrovertible, intersubjective, phenomenal facts is a more useful strategy than holding onto and using opinionated, non-evidentiary, personal noumena.

In stock trading and investment, unexamined bias can lead to financial losses when phenomenal facts are ignored in favor of one-sided opinions and views. Reducing and eliminating bias, reduces risk-taking and enhances risk management. It also allows one to see opportunities and the need for altering trading and investment position and strategies.