In contemplating the Danish portfolio managers’ selections from the Suomi company, I realized that I needed to eliminate any Finnish investment discussions, emotional attachments, and biases. This led me to consider the veil of ignorance, a thought experiment proposed by social philosopher John Rawls. The veil of ignorance raises questions such as what one would think about taxes if they didn’t know if they were rich or poor or how caregiving responsibilities would be viewed if one didn’t have knowledge of their own health status.
By imagining this veil of ignorance, we are able to envision a society that is free from individual experiences and biases that may cloud our judgment. Applying the concept of the veil of ignorance to my portfolio decisions allowed me to take a step back from personal influences and consider investments that aligned with objective criteria and analysis. This exercise encouraged a more rational and unbiased approach to selecting stocks, allowing for a clearer perspective on what may be the best options for my portfolio. By setting aside emotional ties and preconceived notions, I was able to make more informed decisions that were based on sound reasoning and analysis.
