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Benjamin Graham, a British born American economist and professional investor once said, “the investors chief problem – and even his worst enemy – is likely to be himself.”As with most of Graham’s words, these are still true today. Biases, emotions and overconfidence are some of the behavioural traits that can lead investors and investment professionals to lose money.
Fortunately, Behavioural Finance recognises that people behave predictably when it comes to money and become firmly embedded into financial theory. Understanding and applying behavioural principals to portfolios can help investors and professionals to avoid some of the pitfalls that often costs people and financial firms dearly.
In this talk Trevor Neil MSTA MCSI will throw a light on these biases and show how even you are susceptible to them. Knowing that you are susceptible to these biases will help you avoid them when you confront them.