It’s easy to trick ourselves into thinking “it’s different this time”, but more often than not, that isn’t the case. When it comes to the stock market, cycles tend to repeat themselves and the research that’s been proven over the years is still relevant to todays market. In this episode, Kate Stalter talks why “it’s different” is a misleading mindset that will result in negative repercussions. To learn more about how to avoid this trend and to stop making decisions out of emotional biases tune into this episode of Better Money Decisions.
- Behavior finance and cognitive biases that lead to bad decisions
- How recency bias misleads us
- Why we shouldn’t be too optimistic
- Markets being driven by human components
- Rebounds that occur after negative events
- Reflecting on history to avoid falling into a trap
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