Confirmation bias causes investors to embrace forecasts that confirm their preconceived notions as 'brilliant' while dismissing contrary forecasts as worthless, making forecast-driven investing particularly dangerous.
causalpending
Speaker
Larry SwedroeEvidence Quote
“when we hear an idea that confirms our preconceived notions we think that's brilliant now I better act on it and we hear an idea that goes against our preconceived notions we tend to think that person doesn't know what they're talking about”
Source
Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them— Excess ReturnsCreated: 8/11/2026, 7:39:47 AM
My Notes
Loading notes...