In this engaging episode of the “Millennial Investing Podcast,” host Clay Finck sits down with Scott Nations, author of “The Anxious Investor”. They delve into the psychological tendencies that influence investors, notably the disposition effect – the inclination to sell winning stocks and hold onto losing ones.
The conversation also touches on historical market bubbles like the South Sea Bubble, the internet bubble, and the housing bubble, exploring how these events reflect common investor biases such as sensation-seeking, loss aversion, and overconfidence. Nations emphasizes the importance of self-awareness in combating these biases for smarter investment choices.
For a comprehensive exploration of these intriguing topics, watch the full video below.