I appreciate your effort to warn about the risks of hindsight bias influencing how we build conviction.
On the other hand, its clear to me from your posts that you haven’t held any bank stocks, or done any serious research on them. Instead you merely asked Gemini AI a couple of questions and used the AI answers to conclude that all others posting in this thread are afflicted by hindsight bias. In reality, many here have done painstaking research on IDFC and other banks, and have formed our opinions or convictions based on that research. The convictions and opinions may turn out to be right or wrong - but what matters is that most people on this thread have done at least some research before posting.
It would be helpful, if you do some research too, and share your opinions formed from such research, instead of merely sharing some Gemini AI answers. Otherwise, you will keep believing that everyone else is afflicted by psychological biases, when the real problem is that you are commenting on topics which you are mostly ignorant about (call it ‘ignorance bias’ if you like).
PS: Bought IDFC ltd at 14.5 rs/share during covid, which got converted into IDFC bank shares. Including dividends, it has been at 10x bagger for me.