Mental Models: Benefits of Behavioral Bias: #31
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Biases can come about and trip up your investing decisions when your moving to fast. Incorporate speed bumps into your process, such as a check list. Have a coffee (or a scotch) and think through your process! There is an upside to biases - consider the slow mode advocated by Daniel Kahneman.
Behavioral finance book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" available November, 2019. Available on Amazon soon.
More information at https://www.mentalmodelspodcast.com
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