Sound investment decisions are critical for our long-term financial future. But psychological biases can lead investors to make costly mistakes - overconfidence can cause them to trade too much, and the reluctance to take a loss can encourage them to throw good money after bad.
This talk will look at the common investment mistakes that citizens make, and the evidence for how these mistakes affect returns. It will give simple practical tips to overcome your biases and make better financial decisions.
A lecture by Alex Edmans 8 December
The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-and-events/investor-mistakes
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.
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