Download - Episode 146: Why Are Humans Hard-Wired to be Bad Investors?

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Think Smart with TMFG

Business:Investing

Episode 146: Why Are Humans Hard-Wired to be Bad Investors?

2022-02-16

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Today on ThinkSmart with TMFG Financial Planners Rob McClelland and Mike Connon discuss some of the science behind what leads humans to be bad investors. Investing is easy, isn't it? Well, maybe not with all the parts that make up the human psyche, you might be surprised that we ever have a successful outcome. Today we discuss; Anchoring, Sunk Cost Fallacy, Back-fire effect, and Belief Bias amongst a host of other tendencies that investors tend to lean on. Join us to learn more.