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Dec 12th, 2022, 9:21 am
Bullshift: How Optimism Bias Threatens Your Finances by John J. De Goey
Requirements: .ePUB, .PDF reader, 7 MB
Overview: People are unwittingly taking risks with their investments by entrusting them to advisors who are biased but don’t know it.
Does your financial advisor tell you to hold on and never sell? That markets recover in the long run? Does your advisor seem to always have an optimistic disposition? Do they tell you not to worry, no matter what is going on in the outside world?

In Bullshift, John J. De Goey explores the hidden relationship between bias and financial markets. He makes clear that investors and financial advisors are not the rational decision makers that economic theory assumes them to be, and that “tried and true” investment advice is not always sound. He shows that advisors are immersed in a culture of bullshift — they simply don’t realize how their positive outlook on markets is based on industry-wide groupthink.
Genre: Non-Fiction > General

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Dec 12th, 2022, 9:21 am