Carl examines recency bias, the tendency to project recent events into the future, especially during financial ups and downs. How can recency bias lead us to make irrational financial decisions based on fear or greed? Carl stresses the need for a resilient financial plan that anticipates market changes and encourages expanding our perspective beyond recent events. By broadening our view, can we better navigate financial decisions and avoid the traps of recency bias?

Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/