Behavioral finance is an important topic to be mindful of as you manage your portfolio. Misbehavior will cost you dearly. So what do you avoid? How do you make smart decisions? In this episode, Derek and I cover 5 behavioral finance errors to be mindful of—confirmation bias, information bias, loss aversion, the oversimplification tendency, and hindsight bias. Listen to this episode if you want to make smart decisions with your portfolio.

Outline of This Episode

• [1:22] Misbehavior costs you
• [2:53] Confirmation bias
• [4:36] Information bias
• [7:34] Loss aversion
• [10:23] Oversimplification tendency
• [12:30] Hindsight bias

Resources & People Mentioned

• The Tesla Cybertruck
• Apple

Connect with Derek Gabrielsen

• Twitter: @DerekGabrielsen
• Follow Derek on LinkedIn
• Send Derek a message here

Connect With Mark Tepper

• Twitter: @MarkTepperSWP
• Follow Mark on LinkedIn
• Send Mark a message here

Send your questions and comments to us at info@SWPConnect.com

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