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Investing 5: Bubbles, Bikes, & Biases

Planet Money Summer School

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Are There Any Bias That You Should Be Aware of When Making an Investment Decision?

Vicki Garcia: Try to think about investing over a long time horizon. Do your home work, do your research. And by the way, are there any behaviora biases that we should be mindful of that can help us do that better? The other bias that i think people need to be cautious about and aware of is something called confirmation bius. So make sure you're aware of these biases so that you can take a smart mental approach to your investments.

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