Performance Biases
Michael discusses the tendency for investors to make poor timing decisions based on manager performance, emphasizing the human inclination to chase success while ignoring the risks. He highlights the importance of recognizing biases, such as confirmation bias, and suggests that documenting pros and cons can help maintain a balanced perspective on investment decisions.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
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