This week’s episode of The Australian Finance Podcast tackles behavioural investing with former Sydney Swans premiership player and Six Park’s Director of Business Development, Ted Richards.
Behavioural Investing 101 — Watch Yourself!
In investing, there are a few commonly accepted ‘edges’ that help us make better decisions: faster access to better information, analytical ability and behaviour. If you ask me, the last one is the lowest hanging fruit!
In this episode of The Australian Finance Podcast, Kate and Owen talked with Ted about the most common biases impacting our investing success, including
- Loss aversion bias
- Status Quo bias
- Availability bias – overweighting small probabilities
- Projection bias
- Confirmation bias
- Recency bias, and
- Present bias
Ted explains each of these biases in detail and provides some tips on what you can do to protect yourself.
Want to ask a question?
Kate and Owen have already fielded some great questions, with more coming in every day. If you would like to ask the team something, click here to go to Rask Finance and submit your topic. We’ll do the best we can to answer all questions but please know that it may not be possible to get back to you immediately.