Should We Avoid Our Biases?

This is just something that I've been thinking about: Should we avoid our biases? I guess this applies as much to investing as it does in real life so I'm going to share some of my thoughts on it. It's sort of an extension from Biases to Look Out For When Investing .

Biases to Look Out for When Investing

I find it interesting how we can be affected by own personal biases during investing. Most of these biases have been observed in studies, yet most of us are still not aware that we suffer from them and believe that we are objective in our view and analysis of our investment, which can be a very costly mistake.

Building A Watchlist ....

As you know, I have been investing for a long time and have gained experience with many of  my trades and investments in the market, but I would like to share how I built up my watchlist of around 34 companies which I follow.

So to start off, I look at the NSE Nifty, the blue-chips in India. I personally am not the most supportive of banks. Banks because I think that they're earnings are hard to gauge and that there's no real bottom when they start to fall, so I'll look at them only during depressions to see how they fare.