Thinking Fast and Slow: Investing Lessons

A Nobel laureate spent his career proving your brain runs two systems. One of them is in charge when you panic-sell. The other is what your spreadsheet thinks you are using.

#BehaviouralFinance #CognitiveBiases #DanielKahneman #UKPersonalFinance

https://freedomisntfree.co.uk/articles/thinking-fast-and-slow-how-human-thinking-affects-your-investments?utm_source=mastodon&utm_medium=social&utm_campaign=thinking-fast-and-slow-how-human-thinking-affects-your-investments

Outside of fedi, I see a lot of posts scoffing at the idea of owning fixed-income assets like bonds. If those are real opinions not bots or shills, I am sure this has nothing to do with the fact that the past two years have been great for stocks in many countries while fixed income pays a few percent a year. 🙄

If you are lucky enough to be able to invest, one of the easiest ways to ruin yourself is to buy at a peak then sell in disgust after prices go down. #investing #behaviouralFinance