Owen Rascovitch

So do it when you're in a calm state, something that you can write down or you can just check the boxes off.

For example, I have one and I just take it to my wife anytime I'm going to make an investment.

And she's my BS filter, of course.

Yep.

So she just takes it and goes, yeah, but you didn't really think about this, so no.

Yeah.

Another one, really good one to do is just to give yourself time.

So to set a rule, instead of say, if it is investment or whatever you're going to purchase, give yourself say three days.

So say if it's a material purchase, let's say it's over 500 bucks.

Say my rule is that I can't buy anything within three days of making the decision.

And you sleep on it a few nights and you might find that you actually don't value those things that you

Because you're trying to avoid that system one thinking that you were referring to.

And probably the final thing I'd say is if you are investing is just have, yeah, just, I guess, some rules around the intraday movements of your investments.

So Jason Zweig, who was a columnist and a fantastic author said,

He had this book when he narrated, I think it was the Intelligent Investor, some anniversary edition.

He had this rule where he wouldn't sell a share, and mostly he's an index fund investor, but he wouldn't sell a share if it fell more than 5%.

And it's just such a simple nudge that you don't want to be selling a loser.

He would just hold on to it to the end of the day and see what happens the next day.

As painful as it is, it's his rule, and he made that, I suppose, before the fact.

And it's just a little behavioural nuts to try and get you away from that system one thinking.