Breaking Free from Anchoring Bias
Nepsis
November 29, 2022
Take a look in the mirror. Join us as we look at the behavioral drivers that are making many investors their own worst enemy.
Take a look in the mirror. Join us as we look at the behavioral drivers that are making many investors their own worst enemy.
The demise of FTX has sent a shockwave through the blockchain, and financial sector this week. Just a short time ago, the former CEO, Sam Bankman-Fried, and his exchange FTX were lauded as the best-of-the-best
In our estimation, a good way for investors to remember the three pieces of information needed before markets stabilize can be taken from a key line in the 70’s Southern Rock Group Lynyrd Skynyrd’s famous song, “Gimme Three Steps.”
As Americans, we find it very difficult to wait for anything – let alone for the days of positive equity markets to return once again. So, when we are asked to wait, two questions arise: “What are we waiting for?” and “What do we do while we are waiting?”
The word delusion carries with it several meanings, all of which are not very complimentary. According to the online version of the Oxford Dictionary and we quote: delusion de•lu•sion– noun “a false belief or judgement
Just like serious golfers cringe at the five words, “You are not there yet.”, investment portfolio managers are careful not to utter the worst five words in their profession, “Things are different this time!”
There have been many studies, theorists and practitioners who have believed they have found the answer. The simple truth however, is that the market is such a complex and volatile system that no investor is capable of beating it entirely. However, there are a number of principles that have proven through time to be effective at guiding successful investment decisions.
As we sit halfway through 2021, the official first year of the 2020s, we try to determine whether the decade of the 2020s usher in the redux of the Foxtrot Dance popularized in the 1920s or the dance known as the Hustle which exemplified the 1970s?
Take a look in the mirror. Join us as we look at the behavioral drivers that are making many investors their own worst enemy.
Constantly reminding ourselves that comparison in those areas will only discourage us from moving forward with our own life’s goals is a must if one desires to reach a state of Clarity.
You need a comprehensive plan, a detailed process for following that plan and guidance from a trusted professional. The Clarity Roadmap® proprietary planning process is the solution.
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