Your Brain Is Stealing $245,000 From Your Retirement (Here's How to Stop It)
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Most people don’t lose money because they pick terrible investments. They lose money because they’re human.
In Part 1 of this two-part series on behavioral economics, Tyler walks through the five most common psychological biases that quietly, systematically sabotage investment returns — even when you’re invested in low-cost index funds and “doing everything right.”
This episode is about the stuff that happens between your ears. The mental shortcuts. The overreactions. The stories we tell ourselves after the fact.
In this episode, we cover:
Why overconfidence makes investors trade more and earn less
How recency bias convinces us that whatever just happened will keep happening
Why we overvalue the investments we already own (even when we shouldn’t)
How loss aversion turns normal market volatility into bad decisions
Why hindsight bias makes the past feel obvious and the future feel predictable (it isn’t)
This isn’t about being smarter than the market. It’s about building systems that protect you from your own instincts — automation, diversification, fewer decisions, and a little less checking.
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