It's another in our series of mistakes - the ones we've made, and how *not* to make them again! This week, we’re going to look at the reasons why we keep making these mistakes - known as cognitive biases. A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them. Unsure about that definition? Basically—our brains aren’t perfect. They often make mistakes when taking in information from the world and trying to make sense of it. A cognitive bias is a term for these mistakes our brains often make.

The books that Alec and Bryce were talking about: Thinking, Fast and Slow and The Undoing Project. If you want to let Alec or Bryce know what you think of an episode, contact them here. 

Some of our favourite resources and offers to help you during your journey:

• $50-$200 OFF some amazing investing courses by our friend-of-the-show, Owen
• Track your investment portfolio with Sharesight.
• Get a free stock when you sign-up to Stake, using the code EQUITYMATES
• Get exclusive access to our favourite data and insights platform, TIKR
• Take the emotion out of investing in Bitcoin, Ethereum, Gold and Silver with micro-investing app, Bamboo. Use EQUITY MATES for $10 when you sign-up
• Get $15 of Bitcoin, using one of our favourite crypto-currency exchanges, Swyftx
• Get free trades if you plan to use the broker SelfWealth

*****

Any views expressed by the podcast host or any guest are their own and do not represent the views of Equity Mates Media or any other employer or associated organisation.

Always remember, all information contained in this podcast is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. The hosts of Equity Mates are not financial professionals and are not aware of your personal financial...

Hosted on Acast. See acast.com/privacy for more information.