The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
Scientist Mode
A patient investor is in scientist mode. Just like a scientist, his position is a thesis — a set of assumptions — and thus he is actively looking for all data, seeking out the disconfirming kind.
Self-Preservation Bias
Human inertia is a powerful force, especially in large companies. AI may end up moving at the speed of humans, as adoption has to overcome the default human behavior of resistance to change, fear for job security, and simply fear of the unknown.
Stoic Investing
We stay grounded in the things we can do — solid research, thoughtful decisions, transparent communication — and accept that we don’t control how the market prices those decisions in the short run. When I say ‘accept,’ I don’t mean ‘ignore’; I mean we don’t get caught up in the daily drama of stock prices.
