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Podcast: Retirement Straight Talk With Paul & William
Episode: Why We're Hardwired to Be Terrible Investors
Description: Studies have shown that investors consistently underperform the investments they own.Why does this happen?It's because our brains have been hijacked by our biology. Human evolution started about 4-7 million years ago. Humans have spent more than 99% of their evolutionary history in the hunter-gatherer environment. So many of our natural tendencies today are shaped by what was good for our ancestors.This week, Paul & William discuss how many of these deeply engrained tendencies cause us to make poor investment decisions.After listening, you...