Remember – CONFIRMATION BIAS can be a downfall for all investors and traders.. Here’s a really good article from Schwab on the subject.
Their key takeaways are:

  • Confirmation bias is the tendency to seek information that supports a person’s beliefs.
  • This bias may lead investors to focus only on information that reinforces their opinions about an investment.
  • Selectively choosing which information to use can lead to a lack of diversification and investments that are too risky.

Read full article here.

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