This is a Glass Fox Media Podcast.

You're tuned in to the Investing for Beginners Podcast.

Finally, Step-by-step premium investment guidance for beginners.

Led by Andrew Sather and Dave Ahern to decode

industry jargon silence crippling confusion and help you overcome emotions

by looking at the numbers.

Your path to financial freedom starts now. All right, folks, well, welcome to Investing for Beginners Podcast. I'm Dave Ahearn. We have Andrew Sather tonight. Tonight, we're going to talk about investing with your

brain. We're going to talk a little bit about how your thoughts can affect the

decisions that you make when you invest.

Charlie Munger is one of my big heroes and he has written many, many great articles,

speeches, a few books, about biases.

And tonight we're gonna talk about some of the more common biases.

And Andrew is gonna go ahead and start us off

by talking about the recency bias, or bias, excuse me.

Yeah, so obviously we're all human beings and something I love to constantly

preaches how the stock market's very emotional. We got fear, we got greed, it's because

it's made up of all these people. And there are some common psychological aspects that we as human beings all share that as investors it can really affect the way we behave and

many of times we're not really aware that this these are things that are

influencing our decisions. So if we can kind of cut that off at the beginning

before it can really negatively affect us it can help our performance.

So, recency bias, this is the idea that something that just happened is more likely to happen.

So an obvious one example of this

...