Behavioural Mistakes Abound

Behavioural finance has gained a considerable amount of popularity over the past few years as it pertains to investing. Among other things, it highlights how humans appear to be hardwired to make certain systematic mistakes despite our best efforts. Emotions get the better of us and this unleashes behavioural biases that negatively impact our decision making. The discipline of behavioural finance, which resides between economics and psychology, has researched and uncovered hundreds of these behavioural biases, highlighting how often humans make poor decisions.Q1 2020 hedge fund letters, confer…

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