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When our portfolio is in the green, we often credit our skill and knowledge for the success.
BUT, when our portfolios aren’t looking too great, we often attribute the losses to “bad luck” or “the down market”
This is fundamentally because, as humans, we have inherent biases, that prevent us from seeing the absolute truth of why things happen.
Now, if you’re able to understand these biases, and truly analyze whether your recent performance has been through luck or skill, you will have a mindset edge over everybody else investing in the stock market.
How do you build that mindset edge? How do you minimize the element of luck and maximize your skill when it comes to investing?
And to do this, we spoke to Harish Krishnan, who’s a senior fund manager at Kotak Mahindra
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