On Fintwit, there's no concept of 'verified performance.'
Most people don't realize how pernicious this is.
There's a cognitive bias called 'Self-Serving Disposition' that we all have naturally— We believe our failures are situational but our successes are our responsibility.
is down because of supply chain issues and the #UkraineConflict— not because I made the wrong call" (— Me)
This bias is responsible for the blind spots that keep us making the same insane investing mistakes over and over again.
It often takes a friend holding up a mirror for us to realize that we're falling pray to self-serving bias.
But the kicker is that Twitter doesn't have any mirrors. There's no concept of verified portfolio performance.
Now you have two problems: your blind spot, and an absence of the tool you need to realize you have it.
The solution (the mirror): Portfolio returns built-in to the platform. This allows you to see the world for how it really is, not how others spin it to be.
If you aren't proactive about fighting it, self-serving bias will turn you into an insular, defensive, cherry-picking investor.
That's bad for the community, and it's even worse for you.
Imagine a gym with no weights, where people just talk about how strong they are. That's Twitter.
If you want to get stronger, go to a gym where people track their progress. Where' there's actual weights. Where people get stronger on good days and bad.
Surround yourself with people capable of learning and outgrowing their biases. @joincommonstock