Feeling Anxious About Your Investments?, with Scott Nations
Afford Anything
00:00
Key Take Away Number Three - Identifying Your Cognitive Bias
Each person is different, and the biaces that you yourself might be most susceptible to are different than your spouses or your colleagues or your neighbors. So part of recognizing your cognitive biases comes from recognizing your own susceptibility. And so taking that personal inventory, knowing yourself, can help you be a better investor. That'sthe ond key take away. Finally, key take away number three: During stressful financial periods, which, by definition, market crashes are stressful, that's when you see all of the biases come into play in a very strong way.
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