Hi I'm Josh Brown this is FAQ we get all kinds of questions from you guys about investing and a lot of them boiled down to a very big mistake that someone either has made or is about to make and most of those mistakes fit into just a handful of buckets

and we can basically categorize them as

seven deadly sins of investing.

We're going to get into all of those and more.

Stick around.

So of the seven deadly sins, let's take these in order. Number one,

lust. I view financial lust as the idea of falling in love with a position or falling in love with an idea and not being flexible

enough to let it go.

What traders lust after are the huge gains.

I should have been long Tesla in 2013 or Amazon in 2014 or Netflix in 2015,

whatever it is, and these are stories, their ideas that we tell ourselves that these

companies are going to change the world, and you're always looking for the 10-bagger, you're never

going to find it, move on with your life.

I think the other thing that people can sort of fall in love with in terms of investing

is having the hindsight bias.

So people fall in love with the past and they figure out how to be experts in past market situations.

The way I think about that is people who are chasing whatever the hot asset class is,

the hot performance, they want to be part of the crowd.

It really doesn't even matter what asset class that is.

You see that with individual stocks. You see that lately in the S&P 500.

You see that in emerging markets sometimes, commodities. And a lot of people will just go back and forth without even giving much

thought to why am I investing in this they just see it going up and they're

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