When humans are confused, they tend to move as a herd. That's just one example of where when humans are confu used, they just look around and do what everybody else is doing. When it comes to the south sea bubble, people looked around like, wel, i don't really understand what the company is worth. It doesn't seem like it's valuable yet. But this person really seems to have it figured out. So let me pile in along with them. Again, that's afford anything dot com slash in roll.
#388: Recessions are terrifying.
Market crashes often bring out the worst in people’s anxieties and fears.
This fear triggers us to act even more irrationally than usual – which can lead to making expensive mistakes in our investment portfolios.
In today’s episode, Scott Nations, who spent his career studying market volatility, describes some of the most common cognitive biases and irrational behaviors that investors make. He shares tips on how to master the mental game of investing, especially in turbulent times.
For more information, visit the show notes at https://affordanything.com/episode388
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