Why Smart People Make Dumb Mistakes with their Money

Why Smart People Make Dumb Mistakes with their Money. This program explains why investors (possibly your clients) make suchpoor decisions with their money. Why do investors constantly chase returns?Why do they buy mediocre investments that underperform the indexes? Whydo they leave their money in investments that lose money, yet are unwillingto sell until they increase in value? If you can understand your own behavior with money, you will become a much better investor and earn returns that will last your whole life. 1- How Overconfidence Bias creates poor investment decisions.2- How the Endowment Effect stops you from selling bad investments.3- How Sunk Cost Fallacy causes you to own investments until they are worthless.4- How Status Quo Bias makes change more difficult.5- How Framing and Anchoring motivates you to spend more.6- The 7 steps in picking an outstanding financial advisor7- The 5 critical concepts in creating a successful portfolioThese are the concepts you you will in Behavioral Investing.