Introduction
It is my personal finance research. I have to read a book in order to continue to learn how to invest, and it is important for me to learn by reading, not just watching youtube.com video, reading articles.
How to escape the emotional traps?
This is the question with the answers in the book called Boglehead guide to investment.
- Recency bias
- Overconfidence
- Loss aversion
- Paralysis by analysis
- The endowment effect
- Mental accounting
- Anchoring
- Financial negligence
Be a risk manager instead of a risk avoider. Believing you are avoiding risk can be a costly illusion.
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