The 8 Cognitive Biases To Overcome To Maximize Your Chances of Successful Investing.
Knowing these biases will help you avoid them.
The current monetary system is flawed and not fixable.
For those of you who've been reading me long enough, such an assertion will come as no surprise, as you've long understood that it's impossible to preserve your purchasing power by saving within the current system.
You already know the answer to the question: do I lose money by putting my money in a bank account?
Of course, you have the option of switching to Bitcoin, the world's best savings technology. What's more, Bitcoin is accessible to everyone, with no strings attached.
Unfortunately, too many people still have doubts about Bitcoin.
For these people, I have only one thing to say: keep researching the subject.
In the meantime, if you're still keen to stay out of Bitcoin, you're going to have to look for another way to preserve your purchasing power. If you don't invest, you won't make it!
So you're going to have to invest.
Before you start, do you know what costs you the most money when it comes to investing?
Your ignorance!
Warren Buffett still hasn't figured out Bitcoin, but he does understand that investing in yourself is the best thing you can do in life. The more you reduce your ignorance, the more likely you are to make better decisions.
If you make better decisions, then you'll limit the risk of investing mistakes.
Those who study money, finance, and markets know that education in these fields is a superpower. In what follows, I don't pretend to give you that superpower so quickly. Instead, I can help you overcome 8 cognitive biases that affect the general public. This will help you make better investment decisions.
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