About this episode

Damien Fahy revisits classic investor biases and provides strategies to avoid irrational financial decisions.

Welcome to the Money Vault, our new midweek show where we revisit classic, evergreen episodes from the Money to the Masses archives. On this week's episode, Damien revisits a classic episode from February 2025 on investor behavioural biases. He explores how human nature often leads to irrational financial decisions and examine seven common psychological traps, including loss aversion, confirmation bias, and the emerging fear of being wrong. He also provides practical strategies to mitigate their impact, from using stop-loss orders to documenting your investment decisions, helping you develop a more objective, systematic, and successful approach to managing your wealth. Check out this week's ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast article⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠ on the Money to the Masses website to see the full list of resources from this week's show. Resources: Sign up to the weekly newsletter Take out a trial of 80 20 investor Can you solve this (YouTube video) Follow Money to the Masses on social media: YouTube…

People in this episode

Host: Damien Fahy

Topics covered

• investor biases
• financial decisions
• psychological traps
• loss aversion
• confirmation bias
• wealth management

Keywords

• investor biases
• loss aversion
• confirmation bias
• financial decisions
• psychological traps
• wealth management
• stop-loss orders

Mentioned in this episode

Organizations: Money to the Masses

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