MI195: Overcoming These 5 Investor Biases (Mini-Episode)

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>01:18 - Why following the status quo might not always be the best investment strategy.</li><li>04:14 - How the disposition effect can lead to you holding a portfolio full of losing companies.</li><li>05:50 - How investors can get burned being overconfident.</li><li>06:53 - What loss aversion is and how it hurts portfolio returns.</li><li>11:49 - How anchoring influences one’s decisions.</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li>Scott Nation’s book, <a href="https://www.amazon.com/Anxious-Investor-Mastering-Mental-Investing/dp/B09976Z9P9/ref=sr_1_1?keywords=scott+nations&amp;qid=1657577551&amp;sprefix=scott+nat%2Caps%2C175&amp;sr=8-1" rel="noopener noreferrer" target="_blank"><strong>The Anxious Investor</strong></a>.</li><li>Robert and Clay’s favorite tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank"><strong>TIP Finance</strong></a>.</li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer" target="_blank"><strong>FREE audiobook from Audible</strong></a>.</li><li>Check out our<strong> </strong><a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer" target="_blank"><strong>Investing Starter Packs</strong></a> about business and finance.</li><li>Support our free podcast by supporting our <a href="https://theinvestorspodcast.com/sponsors" rel="noopener noreferrer" target="_blank"><strong>sponsors</strong></a>.&nbsp;</li></ul><p><br></p><p>Connect with Clay: <a href="https://twitter.com/Clay_Finck" rel="noopener noreferrer" target="_