Hello all🤠
Here is an excerpt from my latest Substack article. I write about an actively managed fund with quarterly updates, earnings reviews, investment cases, and more philosophical essays (like this one) enjoy:
As eternal students of investing, we’re always looking to improve our decision-making process. When starting out, the focus was naturally on the analytical toolkit—understanding basic accounting and finance, analyzing financial statements, studying business models, and practicing valuation techniques. But after years of managing real capital through multiple market cycles, it becomes clear there’s a more foundational element that’s often ignored: the ability to recognize your own thinking processes and regulate your decisions accordingly.
This skill is metacognition: the practice of bringing awareness to our own thinking. Over time, it may be the most important capability an investor can develop.
Habitual tendencies drive our behavior more than we would like to admit. Most discussions of habit focus on physical behavior—checking your phone at breakfast. But our deepest habits are cognitive ones. How we interpret information, the patterns we default to under stress, the narratives we construct to explain uncertainty—these mental habits shape every investment decision we make. Left unexamined, these habits begin to operate automatically, outside of conscious awareness.
Full article on: JB Global Capital (Substack)
All feedback is appreciated!