How to avoid bad investment decisions? - Deepstash

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How to avoid bad investment decisions?

It’s about developing a certain kind of disposition for patience, sober waiting, and recognizing your emotions. In early 2020, Luke got caught up in the mimesis of the markets in the dark days of the COVID-19 pandemic

He thought it was a good idea to try and day trade the markets, in/out of highly volatile stocks

When there is a lot of fear-driven mimetic desire and uncertainty, just sit back, wait, and learn as much as you can.

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You can manipulate people via mimetic desire (marketing, political campaigns, etc.)

Both age and demographics play a role in mimesis

Memetics is the study of memes, cultural units of information that replicate, comparable with Darwinian evolution.

The mimetic theory of desire originated with French polymath René Girard

Mimetic desire is not inherently a negative thing. It can work positively in forming a sense of community (people with a shared desire).

  • Radical honesty, self-reflection, and introspection – it’s more challenging to discover our mimetic behavior than to see it externally in other people
  • Thinking about people that are influencing your decision-making
  • Luke learned to identify certain signals; people who influenc...

How to measure mimesis in the markets?

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