140 Biases - Why we struggle to fix our mistakes

The second part of our "Biases" mini-series explores why it is hard for us, as investors, to fix our mistake. Our subconscious mind is full of instincts that has been created through thousands of years' worth of evolution; created to help us survive the world. However, a lot of the problems that once affected us are no longer existent/relevant, but our instincts are still there. The biases discussed are: loss aversion, endowment effect, anchoring bias, status quo bias, & familiarity bias. For all listener questions/feedback, please contact the team at podcast@mo50.com.au