Anchoring Bias: The Costs of Being Weighed Down
Do you think a porcupine has more or less than 1000 quills (i.e. the spikes on its back)?
Since reading that sentence, it’s likely you experienced a harmless example of Anchoring Bias.
Information Overload, Decision Paralysis, and Herding
This post was written by Ken Weingarten and Frank Fernandez of Weingarten Associates
Let’s assume for a moment that your current investment portfolio was all in cash and you had to start from scratch. How would you invest it? What would be your asset allocation (stocks vs. bonds)? Where would you begin to look for help? If you did a simple web search for “How to invest in the stock market” you would be thrown down a rabbit hole of information and an overwhelming amount of choices.