Bad news sells so well. People naturally want to read about pessimism. Confirmation bias is possibly, in investment terms, the most pernicious bias of the hundred or more biases that we allegedly suffer from. If you had another portfolio to day, same sort of mandate and guide, an setting up from scratch with new money, wouldn't you buy this stock for the second day? I guess it someo. Is it some sort of confirmation bias? I don't no, it probably is. Atually, it's probably i'm worried about this, this,. this, this, this. And a man hears what he wants to hear and disregards the rest. The sun cost
In this episode of Infinite Loops we spoke with Paul Craven, an expert in behavioral biases and decision making. In this conversation we discuss:
- What behavioral science is
- Building trust and relationships
- Temporal discounting and reframing
- Managing emotions in investing
- Surviving is winning
- And A LOT more!
Follow Paul on Twitter (https://twitter.com/CravenPartners) and his website https://www.paulcraven.com/