July Metis Evening River Run

There’s a pattern here… if you’ve been following our series on behavioural biases and how to combat them, you’ll know that for the last 15 weeks, we’ve published the latest update regular as clockwork. If you’ve opted to subscribe to emails, then once a week, every week, there’s the next instalment sitting in your inbox.

This summer we saw some amazing performances at Glastonbury, but along with the big names, part of the beauty of a music festival is discovering the bands you’ve never heard of. While ‘The sunk cost fallacy’ might sound like an exciting new musical act, or maybe an album title, it’s actually a really dangerous and potentially very expensive behavioural bias.

We often say hindsight is 20/20 – looking back, it was perfectly clear all along. It’s often an expression of regret – we should have done X when in fact we did Y and now look what’s happened.

Our twelfth monthly #MetisMorningRiverRun

  Metis Ireland Virtual Coffee with Mick Kelly   You are invited to our next virtual coffee where Carl Widger…

There’s absolutely nothing wrong with feeling upbeat about your prospects. You might win the lottery. You might get that job that seems like a bit of a stretch. You might get the crisp packet that’s hiding a tenner inside, and as long as you understand that your ‘luck’ is exactly that, no problem.

Last Friday in August! You must know by now what that means.

In an ideal world, we’d all make sensible, carefully calculated decisions about our money. We’d leave aside our emotions and decide our next steps based on facts, iterative learning and the evidence placed before us.

Our May #MetisMorningRiverRun

Joining Metis Ireland & Importance of Financial Planning   Since I started working with Metis Ireland in November last year,…

Investment is a long-term pursuit – it’s about setting out a plan, devising a strategy and then sticking to it. We know that past performance doesn’t guarantee future returns and we accept there’ll be ups and downs along the way. But in the long run, a well-planned and executed investment approach stands to help us grow our money.

Our February #MetisMorningRiverRun was held on Friday 23rd February

Our March #MetisMorningRiverRun was held on Thursday 29th March

  Metis Ireland Virtual Coffee with Bernard Dunne   You are invited to our next virtual coffee where Paddy Andrews…

Our brains are strange. They can take something as predictably consistent and harmonious as numbers and turn them into a matter of subjectivity. The way that information is communicated to us can have significant effects on the conclusions we draw.