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Investing in Individual Stocks vs Tracking the Index
Loss Aversion | Know Your Behavioural Biases: Part 10
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.
Hindsight | Know Your Behavioural Biases: Part 9
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.
Metis Ireland: Important Announcement
At Metis, we take pride in the personal, tailored service we provide. Over the years we’ve built strong, lasting connections … Continued
Herd Mentality | Know Your Behavioural Biases: Part 8
As Monty Python’s eponymous hero of ‘The Life of Brian’ once famously declared ‘You are all individuals’. We’d certainly like to think we are – from our choice of clothes, our holiday destinations or the cars we drive, right through to whether we’re a flat white person or more of the macchiato type.
Greed Bias | Know Your Behavioural Biases: Part 7
As Pulitzer Prize-winning journalist Mary Schmich famously said, “Whatever you do, don’t congratulate yourself too much, or berate yourself either. Your choices are half chance. So are everybody else’s.”
Framing Bias | Know Your Behavioural Biases: Part 6
Seeing the whole picture is something we’re frequently advised to do, in finance and other walks of life. It’s important to step back and look at the full picture – the problem is that our advanced human brains are often doing just the opposite of that.
Fear Bias | Know Your Behavioural Biases: Part 5
The human psyche is full of little quirks – strange behaviours that we can’t always account for and in some cases we aren’t even aware of. They’re not just nature’s little jokes though, very often we display hard-wired behaviours that evolution has put in place for good reason, to help us out of situations that we wouldn’t consciously react to quickly enough.
