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Anchoring As I’ve mentioned in Organizing Thoughts, we have a tendency to reach a conclusion first before we carefully analyse the facts. The first source of information that we come across usually acts as an anchor, making it difficult for new information to come and change our frame of mind or perspective. A negative experience like going through the 2008 financial crisis can also serve as an anchor, affecting their future decisions Confirmation Bias With our perspective and frame of mind anchored, we have a ......I find it interesting how we can be affected by own personal biases during investing. Most of these biases have been observed in studies, yet most of us are still not aware that we suffer from them and believe that we are objective in our view and analysis of our investment, which can be a very costly mistake.
