Stock prices can swing wildly because of a company's performance, market trends, global events, or even just a tweet from someone influential. When a stock you own shoots up, it's easy to pat yourself on the back and declare, "I knew that would happen!" But did you really?
Enter the investment journal.
Its purpose isn't just to document what you've done but to challenge your thinking. When you jot down your thesis for buying a particular stock—the research, the analysis, the reasons behind your decision—it's like making a commitment to your future self. You're saying, "Hey, this is why I'm doing this, and I want to remember why, even if the stock takes an unexpected turn."
The real magic happens when the stock does move, especially in your favor. Instead of attributing it solely to your genius, you can go back to your journal and see if the actual outcome aligns with what you predicted. It keeps you honest. It's a reality check against hindsight bias, the tricky tendency to see events as predictable or obvious after they've occurred.
I am delighted to present to you the Value Tortoise investing journal. It’s something I’ve been planning for a while, and I finally got to designing it and getting it out.
As mentioned above it has checklists, mental models and more. It uses high quality 100 GSM paper and is now available on Amazon India, Amazon USA & Amazon UK.
I really hope you like it.