006: Defusing Mental Hand-Grenades

The most dangerous words an investor can believe are, ‘It’s different this time.’ Think about your best and worst investment decisions—which ones stand out the most? Chances are, they’re the ones you wish you could forget—decisions driven by emotion, made impulsively, and straying from the discipline you (hopefully) set up with your financial advisor. These choices often don’t work out, and while it may feel like your fault, the real culprit is your brain, hardwired to lead you toward poor decisions. In this episode, reflect on whether you’ve fallen into this trap and learn how to avoid it in the future.