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Podcast: Excess Returns
Episode: The Dangers of Hindsight Bias
Description: Whenever any of us analyze the decisions we make in investing, there is always a tendency to think that what we end up knowing in retrospect was obvious at the time. There is a tendency to believe that decisions that we could have made were easier than they actually were. But that’s just not the way things work, especially when we are faced with high stress situations and very uncertain outcomes, which is the situation we all face today.
In this episode, we discuss the challenge of analyzing the current market environment and how what might se...