Hindsight Bias Tracking Journal App
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Hindsight Bias Tracking Journal App

Inspired by a conversation on:

The Acquirers Podcast

The Acquirers Podcast

Value After Hours S05 E1: 2023 Predictions, Market Crashes, Small Value, Don't Make Predictions

Host: Tobias Carlisle

Timestamp: 07:29 - 08:03

Listen to Episode • View Podcast • All Ideas from The Acquirers Podcast

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Direct Quote

"I had my guys at journal it create a checklist for this, for Jason's hindsight bias."

Summary

This business idea revolves around creating a digital journal app designed to help users track their predictions and reflect on their decision-making processes. The app would allow users to record their forecasts for various asset classes, such as stocks, bonds, and commodities, along with a reminder feature that prompts them to revisit their predictions after a set period, such as one year. This idea targets investors, particularly those interested in value investing, who wish to learn from their past decisions and reduce the impact of hindsight bias on their future predictions. Features could include customizable templates for different asset classes, a social sharing option for community engagement, and analytics tools that provide insights into user performance over time. By assisting users in recognizing patterns in their investment decisions and improving their forecasting skills, this app could empower a more informed investment community.

Categorization

Business Model
SaaS
Target Founder
Generalist
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
< $1,000

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on August 31, 2025 • Analyzed on August 31, 2023 9:41 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Generalist to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available < $1,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Investment Prediction Reminder Service

This business concept involves creating a service that sends reminders to users about their past investment predictions and performance. It could operate as a standalone service or integrate with existing investment tracking applications. Users would input their predictions regarding market movements, stock prices, or economic indicators, and the service would send out automated reminders after a predetermined time frame, such as one year, allowing users to evaluate the accuracy of their forecasts. Targeting retail investors and financial advisors, this service could help users recognize the impact of their biases and improve their future decision-making. The service could also offer educational content on understanding market trends and behavioral finance, enhancing user engagement. By fostering a culture of accountability and learning, this service could contribute to a more knowledgeable investment community.