In this episode, I answer the question how to avoid media hype and the watercooler chat when you invest. I actually unleashed my inner money nerd and jumped into one of my favorite topics when it comes to finance which is the behavioral psychology and the behavioral financial biases and heuristics that can influence the behavior that we make. I outline some of them so you know what to look out for when you’re making decisions and sometimes potentially telling yourself things that may not be true. As well as the framework that you can use to avoid those biases and our flawed thinking and actually start taking action to deliver outcomes and results.
I cover:
- The behavioral psychology and the behavioral financial biases and heuristics that can influence the behavior that we make
- I outline some of them so you know what to look out for when you’re making decisions
- The framework that you can use to avoid those biases and our flawed thinking
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