Episode Details
Back to Episodes023 - More Cognitive Biases That Lead To Investing Mistakes (Part 2)
Description
Human biases are an innate part of us, so we have to learn to navigate them. Otherwise, they'll throw monkey wrenches into your life and definitely your investing and finances.
Awareness is the key to being able to do this. And once you're able to slow down and see what's going on, you'll be able to make much better investing decisions and understand why other people are acting like they are.
In this episode we discuss the remaining biases relative to investing and finance
- Regret aversion
- Loss aversion
- The endowment effect
- Anchoring
- Hyperbolic discounting
And we'll cover some mental shortcuts that you may be using to save yourself time or effort, but they might be leading you astray.
If you missed part 1 go back and listen to episode 22.
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**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
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