As of june 20, ninth, as of the time this episode is coming out, we no where in a bear market. We may or may not already be in auraccession. And it's possible that we are in for a protracted, difficult time. In these types of economic conditions, knowledge support community, clear thinking becomes particularly important.
#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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