In this episode of the Hawaii Retirement Show, Jason breaks down the difference between cognitive errors—thinking mistakes rooted in flawed logic or poor information processing—and emotional biases, which stem from feelings, impulses, and intuition. He highlights common pitfalls like conservatism bias, confirmation bias, overconfidence, and loss aversion, explaining how they influence investment decisions and contribute to market anomalies. Jason also shares practical ways to recognize and reduce these biases, from education and systematic strategies to working with an advisor for objectivity. The key takeaway: investing success is not just about numbers, but about managing psychology, discipline, and emotional control for the long run.
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