Your starting question
How do you make investing judgements?
Understand how your knowledge, influences and actions shape a decision. Use Likierman’s six elements in three connected areas, with a record you can review fairly.
By the end: Keep a decision journal and write your own investing judgement process, supported by evidence from the exercises.
Try the short baseline. Identify what you need to investigate.
Use diagrams, worked examples and regular choices with feedback.
Work the case in your companion workbook and discuss the trade-offs.
Complete the review and record what changed your mind.
3.2 · The Human Side
What do I know?
The Human Side · the work you will do
- 1What do I know?
- 2What influences me?
- 3How do I act?
- 4Record and review
Video coming soon · about 1 minutes
Welcome to The Human Side
Use the narration below while the recording is being made, then try the decisions in this lesson.
Read the full narration
Welcome to On Judgement. In The Human Side, we will follow four connected steps. What do I know?. Then What influences me?. Then How do I act?. Then Record and review. You do not need to know the answers before you start. Make an initial choice, read or watch the explanation, and use the feedback to reconsider. A mistake is useful when you can explain what it revealed. Work on the cases independently or discuss them with your club. Keep longer written responses for the parts where you need to make an argument of your own. By the end, use the evidence and calculations to explain a decision and what could change it.
Investing Judgement · Module 3.2
Understand yourself as an investor.
Understand yourself as an investor through three questions: What do I know? What influences me? How do I act? Apply Likierman’s six elements through original investing cases, reflection and a decision journal.
1. What do I know?
Knowledge and experience + Awareness
Recognise the boundaries of your understanding and read the situation before forming a view.
2. What influences me?
Trust + Feelings and beliefs
Understand why you trust a claim and how emotions, values and social pressures affect your view.
3. How do I act?
Choice + Delivery
Choose among realistic alternatives, check feasibility and learn from a dated record.
How to use this module
Follow the three areas below. Start with your own answer, learn from the worked example and complete the activities before opening feedback. Use the matching labels where offered; write when you need to explain or evaluate.
Keep your first and revised views. Each area includes an investing workshop, and each lesson ends with jargon, five practice checks and a private reflection. Finish with the Decision Journal lab, final review and My Investing Judgement.
Work independently, in pairs or with your club. Allow roughly 7–10 hours including discussion; adjust with your teacher.
The framework behind these three questions
Before you start · five baseline questions
3.2 The Human Side
Turn investing knowledge into an evidence-based argument: inspect sources, follow the business logic, weigh the opposing case and reach a balanced judgement.
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Distinguish the quality of a process from a single result.
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Distinguish sunk cost from future consequences.
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Create a dated decision journal and premortem.
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Practice lab · Decision Journal
Save a first decision record, review the process and retain later revisions.
Save a first decision record, review the process and retain later revisions.
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Module 3.2 review and final assessment
Twenty practice questions and an original 15-mark written case with a balanced-judgement rubric.
Twenty practice questions and an original 15-mark written case with a balanced-judgement rubric.
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