Comments on: One-reason decision making in risky choice? A closer look at the priority heuristic http://www.simoleonsense.com/one-reason-decision-making-in-risky-choice-a-closer-look-at-the-priority-heuristic/ Worldly Wisdom for Intelligent Investors! Sun, 14 Mar 2010 19:40:41 +0000 http://wordpress.org/?v=abc hourly 1 By: Miguel http://www.simoleonsense.com/one-reason-decision-making-in-risky-choice-a-closer-look-at-the-priority-heuristic/comment-page-1/#comment-622 Miguel Sun, 05 Jul 2009 00:28:34 +0000 http://www.simoleonsense.com/?p=2683#comment-622 Dear Daniel, Many people do use one-decision heuristics. However successful value investing is far from a one-decision process. I don't know any professional value investors that would purchase anything just because it's cheap. I understand the gist of what you are trying to imply. Let me clarify value investing(s) 2 rules. 1. Don't loose any money (aka preserve capital and avoid impairment) 2. Buy Value and Pay attention to rule number 1 -Miguel Dear Daniel,

Many people do use one-decision heuristics. However successful value investing is far from a one-decision process. I don’t know any professional value investors that would purchase anything just because it’s cheap.

I understand the gist of what you are trying to imply.

Let me clarify value investing(s) 2 rules.
1. Don’t loose any money (aka preserve capital and avoid impairment)
2. Buy Value and Pay attention to rule number 1

-Miguel

]]> By: Daniel M. Ryan http://www.simoleonsense.com/one-reason-decision-making-in-risky-choice-a-closer-look-at-the-priority-heuristic/comment-page-1/#comment-621 Daniel M. Ryan Sat, 04 Jul 2009 21:57:43 +0000 http://www.simoleonsense.com/?p=2683#comment-621 I can see why this hypothesis was plausible. Many successful people do use one-decision heuristics, ones which need some experience and talent to apply properly. After all, isn't value investing's one-decision heuristic "buy a dollar for 50 cents"? I can see why this hypothesis was plausible. Many successful people do use one-decision heuristics, ones which need some experience and talent to apply properly. After all, isn’t value investing’s one-decision heuristic “buy a dollar for 50 cents”?

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