{"id":149,"date":"2022-03-01T07:28:13","date_gmt":"2022-03-01T07:28:13","guid":{"rendered":"https:\/\/shalibhadra.in\/blog\/?p=149"},"modified":"2022-03-24T07:29:55","modified_gmt":"2022-03-24T07:29:55","slug":"outcome-bias","status":"publish","type":"post","link":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/","title":{"rendered":"Outcome Bias"},"content":{"rendered":"

Dear Patrons,<\/p>\n

Outcome Bias <\/strong><\/h2>\n

A story to start with,<\/p>\n

Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy. What happens? After one week, about half of the monkeys will make a profit and the other half a loss. The ones that made a profit can stay; the ones that made a loss goes home. In the second week, one half of the monkeys will still be riding high, while the other half will have made a loss and are sent home. And so on. After ten weeks, about 1,000 monkeys will be left \u2014 those who have always invested their money well. After twenty weeks, just one monkey will remain \u2014 this one always, without fail, chose the right stocks and is now a billionaire. Let’s call him the success monkey<\/strong>.<\/p>\n

How does the media react?<\/p>\n

They will get hold on this animal to understand its *success principles* and even if there is none, they will find reasons to support it: perhaps the monkey eats more bananas than the others. Perhaps he sits in special corner of the cage. He must have some recipe for success, right? How else could he perform so brilliantly perfectly for twenty weeks? \u2013 Impossible!<\/p>\n

The monkey story illustrates the outcome bias. We tend to evaluate decisions based on the result rather than on the decision process.<\/strong><\/p>\n

Never judge a decision purely by its result, especially when randomness or ‘external factors’ play a role. In current uncertain scenario where result is completely non predicable. Every day is unfolding with new set of challenges. We have only one line to say to investors in this scenario,<\/p>\n

Market wants you to act, but don\u2019t react.<\/strong><\/p>\n

Nishit Siddharth Shah<\/p>\n","protected":false},"excerpt":{"rendered":"

Dear Patrons, Outcome Bias A story to start with, Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy. What happens? After one week, about half of the monkeys will make a profit and the other half a loss. The ones that made a profit can stay; the ones […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[36,35,13,21,11,18,3,17,34,22,37,29,30,32,31,38,5,14,16,8,6,10,2,4,12,9,39,19,25,27,23,26,28,24,15,40,7,33,20],"class_list":["post-149","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-asset-allocation","tag-bear-market","tag-best-fund-manager","tag-best-fund-manager-in-2021","tag-best-mutual-fund","tag-best-mutual-fund-sip","tag-best-planning-for-young","tag-best-sip","tag-bull-market","tag-committed-to-investor","tag-dynamic-asset-allocation","tag-financial-wisdom","tag-how-to-invest","tag-how-to-invest-in-mutual-fund","tag-how-to-invest-in-mutual-funds","tag-how-to-invest-in-this-market","tag-how-to-make-financial-planning","tag-how-to-select-fund-manager","tag-how-to-start-sip","tag-invest-for-future","tag-invest-with-financial-plan","tag-investment","tag-investment-for-young","tag-investor","tag-manager","tag-mutual-fund","tag-mutual-fund-india","tag-mutual-fund-sahi-hai","tag-select-best-fund","tag-select-best-mutual-fund","tag-select-best-scheme","tag-select-top-fund","tag-select-top-mutual-fund","tag-select-top-scheme","tag-sip","tag-sip-mutual-fund","tag-spend-less-and-invest-more","tag-star-fund-manager","tag-top-mutual-funds"],"yoast_head":"\nOutcome Bias - Shalibhadra Mutual Fund Distributors LLP.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shalibhadra.in\/blog\/outcome-bias\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Outcome Bias - Shalibhadra Mutual Fund Distributors LLP.\" \/>\n<meta property=\"og:description\" content=\"Dear Patrons, Outcome Bias A story to start with, Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy. What happens? After one week, about half of the monkeys will make a profit and the other half a loss. The ones that made a profit can stay; the ones […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shalibhadra.in\/blog\/outcome-bias\/\" \/>\n<meta property=\"og:site_name\" content=\"Shalibhadra Mutual Fund Distributors LLP.\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T07:28:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-24T07:29:55+00:00\" \/>\n<meta name=\"author\" content=\"shalibhadra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"shalibhadra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/\"},\"author\":{\"name\":\"shalibhadra\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/#\\\/schema\\\/person\\\/2f88181009ab36dd3a9b21c0dae0fa26\"},\"headline\":\"Outcome Bias\",\"datePublished\":\"2022-03-01T07:28:13+00:00\",\"dateModified\":\"2022-03-24T07:29:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/\"},\"wordCount\":288,\"commentCount\":0,\"keywords\":[\"Asset allocation\",\"Bear Market\",\"Best Fund Manager\",\"Best fund manager in 2021\",\"Best Mutual Fund\",\"Best Mutual Fund SIP\",\"Best planning for young\",\"Best SIP\",\"Bull market\",\"Committed to investor\",\"Dynamic Asset allocation\",\"financial wisdom\",\"How to invest\",\"how to invest in mutual fund\",\"how to invest in mutual funds\",\"How to invest in this market\",\"How to make financial planning?\",\"How to select Fund Manager\",\"How to start SIP\",\"Invest for future\",\"Invest with Financial Plan\",\"Investment\",\"Investment for young\",\"investor\",\"Manager\",\"Mutual Fund\",\"Mutual fund india\",\"mutual fund sahi hai\",\"Select best fund\",\"Select best Mutual fund\",\"Select best scheme\",\"Select top fund\",\"Select top Mutual fund\",\"Select top scheme\",\"SIP\",\"Sip mutual fund\",\"Spend less and Invest more\",\"star fund manager\",\"Top mutual funds\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/\",\"url\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/\",\"name\":\"Outcome Bias - Shalibhadra Mutual Fund Distributors LLP.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/#website\"},\"datePublished\":\"2022-03-01T07:28:13+00:00\",\"dateModified\":\"2022-03-24T07:29:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/#\\\/schema\\\/person\\\/2f88181009ab36dd3a9b21c0dae0fa26\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/outcome-bias\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Outcome Bias\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/\",\"name\":\"Shalibhadra Mutual Fund Distributors LLP.\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/shalibhadra.in\\\/blog\\\/#\\\/schema\\\/person\\\/2f88181009ab36dd3a9b21c0dae0fa26\",\"name\":\"shalibhadra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g\",\"caption\":\"shalibhadra\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Outcome Bias - Shalibhadra Mutual Fund Distributors LLP.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/","og_locale":"en_US","og_type":"article","og_title":"Outcome Bias - Shalibhadra Mutual Fund Distributors LLP.","og_description":"Dear Patrons, Outcome Bias A story to start with, Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy. What happens? After one week, about half of the monkeys will make a profit and the other half a loss. The ones that made a profit can stay; the ones […]","og_url":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/","og_site_name":"Shalibhadra Mutual Fund Distributors LLP.","article_published_time":"2022-03-01T07:28:13+00:00","article_modified_time":"2022-03-24T07:29:55+00:00","author":"shalibhadra","twitter_card":"summary_large_image","twitter_misc":{"Written by":"shalibhadra","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/#article","isPartOf":{"@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/"},"author":{"name":"shalibhadra","@id":"https:\/\/shalibhadra.in\/blog\/#\/schema\/person\/2f88181009ab36dd3a9b21c0dae0fa26"},"headline":"Outcome Bias","datePublished":"2022-03-01T07:28:13+00:00","dateModified":"2022-03-24T07:29:55+00:00","mainEntityOfPage":{"@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/"},"wordCount":288,"commentCount":0,"keywords":["Asset allocation","Bear Market","Best Fund Manager","Best fund manager in 2021","Best Mutual Fund","Best Mutual Fund SIP","Best planning for young","Best SIP","Bull market","Committed to investor","Dynamic Asset allocation","financial wisdom","How to invest","how to invest in mutual fund","how to invest in mutual funds","How to invest in this market","How to make financial planning?","How to select Fund Manager","How to start SIP","Invest for future","Invest with Financial Plan","Investment","Investment for young","investor","Manager","Mutual Fund","Mutual fund india","mutual fund sahi hai","Select best fund","Select best Mutual fund","Select best scheme","Select top fund","Select top Mutual fund","Select top scheme","SIP","Sip mutual fund","Spend less and Invest more","star fund manager","Top mutual funds"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/shalibhadra.in\/blog\/outcome-bias\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/","url":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/","name":"Outcome Bias - Shalibhadra Mutual Fund Distributors LLP.","isPartOf":{"@id":"https:\/\/shalibhadra.in\/blog\/#website"},"datePublished":"2022-03-01T07:28:13+00:00","dateModified":"2022-03-24T07:29:55+00:00","author":{"@id":"https:\/\/shalibhadra.in\/blog\/#\/schema\/person\/2f88181009ab36dd3a9b21c0dae0fa26"},"breadcrumb":{"@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shalibhadra.in\/blog\/outcome-bias\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/shalibhadra.in\/blog\/outcome-bias\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shalibhadra.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Outcome Bias"}]},{"@type":"WebSite","@id":"https:\/\/shalibhadra.in\/blog\/#website","url":"https:\/\/shalibhadra.in\/blog\/","name":"Shalibhadra Mutual Fund Distributors LLP.","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shalibhadra.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/shalibhadra.in\/blog\/#\/schema\/person\/2f88181009ab36dd3a9b21c0dae0fa26","name":"shalibhadra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab55394e6e3b4a89719129e37f2b31fad565acedc6de3759d0d4999922e55ef6?s=96&d=mm&r=g","caption":"shalibhadra"}}]}},"_links":{"self":[{"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/posts\/149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/comments?post=149"}],"version-history":[{"count":2,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/posts\/149\/revisions"}],"predecessor-version":[{"id":151,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/posts\/149\/revisions\/151"}],"wp:attachment":[{"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/media?parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/categories?post=149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shalibhadra.in\/blog\/wp-json\/wp\/v2\/tags?post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}