Optical illusions exemplify 'Just because you intellectually understand it,doesn't mean you can get rid of it'
Whichever bias or illusion you're talking about
Can you unsee this illusion?
Despite knowing the trick,each time your brain will see the illusion the same way.
The brain uses hacks that are invisible to you...they are therefore hard wired and impossible to get rid of by mere conscious thinking!
Similarly for cognitive/investing biases, just intellectually understanding them can't eliminate them from your thinking
That's why we use the
#HumanPlusMachine system.
Biases serve evolutionary purposes of survival and procreation, NOT your investment returns. Can't be purged without a proper system.
Never forget that your brain has absolutely no interest in (the betterment of) your portfolio 🙃
Want some guidance? Click:
tinyurl.com/22w6zn7w