08 Sep Hindsight Bias
Curious Investor Behaviour – Number 7
The mind seems to retain information in a series of compressed narratives, and to update “history” as new facts come to light.
While efficient in managing memory, this innate habit of hindsight bias can prevent us adequately learning from experience, and is thus most unhelpful to the task of investment.
Most of us can’t help ourselves- do you ever find yourself wiser after the event?
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About Reuben Zelwer
Reuben Zelwer established Adapt Wealth Management in 2011 to help time poor clients achieve financial freedom. For over 15 years, Reuben has helped professionals, executives, business owner and those approaching retirement make the most of their circumstances by making good financial decisions. Reuben’s professional practice is complemented by substantial voluntary work, which has included setting up financial literacy and savings programs in the local community.