Our approach at getting better on treating Mr. Market as a fool is "mantra":
- We spend considerable time on discussing the insights, provided by research in behavioral finance on mental biases: if we know these biases and increase our awareness it is easier to recognize them when we are under their influence.
- We regularly review our past actions looking for instances where we mistakenly took Mr. Market as an authority and deviated from our rational process.
In terms of recruiting requirements we look for personalities which have a demonstrated independent thinking and taking a contrarian view
- Some psychologists use the term "controlled autism" when describing personalities who have achieved outstanding success by following an independent path largely ignoring outside influences.
