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Podcast: Financial Residency
Episode: Financial Vitals: Investing Behaviors That Will Wreck Your Financial Plan
Description: What are some of the behavioral tendencies we all can run into that affect our decision-making, and ultimately cause some big mistakes? What do big areas or behavioral tendencies look like? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about investing behaviors that will wreck your financial plan. Knowledge and awareness are needed to avoid behavioral finance mistakes. Topics Discussed: • What is behavioral finance? When people make errors, mistakes, and biases • Why? People are not rational or self-controlled and don't identify tendencies • Overconfidence: Common idea that you know more t...