{"product_id":"investment-attitude-law-steeple-mba-9781533424518","title":"Investment Attitude: 5 biases that keep us from being rich","description":"Biases keep us from being rich The average investor earned just 3.79% annually while the market index earned 11% over the last 30 years. Why? Despite overwhelming evidence that a stock market index fund beat stock pickers most of the time, most investors act as if they are successful Wall Street traders. In one study, investors were asked about their acumen, \"Nearly two-thirds rated their financial sophistication as advanced.\" Yet their test scores showed most failed financial literacy. Are we born overconfident? Optimism is a wonderful trait we all prize in ourselves and loved ones. Life would be impossible without it. But for financial decisions, overconfidence makes bad decisions worse. When we don't sell a loser early (sunk cost fallacy), we tend to remember the outcome better than it was (hindsight bias). We don't learn from our mistakes. We continue in our beliefs because we find proofs (confirmation bias). We don't blame ourselves (attribution bias). We even make up a different history of some investments so we \"win.\" We live in Wobegon where \"all the children are above average.\" I can't control the markets but I can control my biases.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Law Steeple Mba\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1533424519\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781533424518\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/30\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 68\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.23lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.02h x 5.98w x 0.14d","brand":"Law Steeple Mba","offers":[{"title":"Paperback","offer_id":48442404733183,"sku":"9781533424518","price":7.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_bfe6707c-f876-463b-8716-d5708eca168f.jpg?v=1777197181","url":"https:\/\/www.whiterainbookhouse.com\/products\/investment-attitude-law-steeple-mba-9781533424518","provider":"WR Book House","version":"1.0","type":"link"}