023 - More Cognitive Biases That Lead To Investing Mistakes (Part 2)

Human biases are an innate part of us, so we have to learn to navigate them. Otherwise, they'll throw monkey wrenches into your life and definitely your investing and finances. Awareness is the key to being able to do this. And once you're able to slow down and see what's going on, you'll be able to make much better investing decisions and understand why other people are acting like they are. In this episode we discuss the remaining biases relative to investing and finance Regret aversionLoss aversionThe endowment effectAnchoringHyperbolic discountingAnd we'll cover some mental shortcuts that you may be using to save yourself time or effort, but they might be leading you astray.  If you missed part 1 go back and listen to episode 22. Drop your comments or questions for this episode on one of our posts.  FacebookYouTubeBlog  If you're looking for a more detailed summary of this episode, click here.We're trying to grow. Help us reach others who want to learn to invest with confidence. Spread the word and leave a review to help us rank in search. We appreciate your support!   Questions? Email Tim at [email protected] Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list. Stay connected. Follow us on social! **DISCLAIMER**Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here. Episode music was created using Loudly.