2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

Classic 14: One Up on Wall Street

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Stock Abas

If there's no analysis behind why you came up with that figure, compared to where the markets at, i would argue you're making some really bad decisions. Yeand it really comes back to the financial behavior that you have in terms of anchoring,. At least that's what they call it, anchoring. So if you bought a stock, i call it ten dollars, or that is the everet's price, or that are like the anchor price you in you head, and you don't desive to think about, as presson said, what has really happened? Why is it not ten dollars any more?

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