Here is a brilliant tweet from @jposhaughnessy. I have added to it some of my commentary. In the note, he touches upon the classic challenges – uncertainty, fear, under-performance, the big new industries, standing out, biases and luck. It is great investing wisdom. 

Jim O Shaughnessy / My Thoughts

I’ve added a few of my thoughts, and an Indian angle.

Here are the links that Jim had referred to in case you are interested

• http://longbets.org
• https://en.wikipedia.org/wiki/Automotive_industry_in_the_United_States
• https://www.researchgate.net/publication/228293332_Why_Do_Individuals_Exhibit_Investment_Biases

Hope you liked this. Do comment below.

Punit Jain

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