Table of contents
- 01
Why Your Brain Sabotages You
Two systems run your investing decisions. Most of the time, the wrong one wins.
- 02
FOMO and Bull-Market Mania
The volume of "everyone's buying" is loudest right at the top.
- 03
Panic Selling and the Bottom-Tick Trap
Panic feels like information. It almost never is.
- 04
Loss Aversion: Why Losing Hurts More
Losing $100 hurts about twice as much as winning $100 feels good. That asymmetry costs investors real money.
- 05
Anchoring: Stuck on the Price You Paid
The price you paid is invisible to the market. To your brain it's the only price that matters.
- 06
Confirmation Bias and the Echo Chamber
If you already think you're right, every headline will look like it agrees with you.
- 07
Recency Bias: The Last Year Is Not the Future
Five up quarters don't predict a sixth. The base rate barely moves.
- 08
Overconfidence: "I Know What's Coming"
70% of investors believe they beat the market. About 30% actually do.
- 09
Herding: When Everyone Else Buys In
The herd is right most of the time. The herd is also catastrophically wrong about 20% of the time, at exactly the worst moments.
- 10
Sunk-Cost: "I Can't Sell at a Loss"
The dollars you've lost don't care what you do next. Your brain does.
- 11
The Stories We Tell Ourselves
The human brain remembers stories, not statistics. A great narrative will out-pull a P/E ratio every time.
- 12
Your Anti-Bias Playbook (Capstone)
Twelve lessons. Eight biases. One scorecard you keep.
Capstone
Start with why your brain sabotages you.
Four minutes. You'll leave knowing the difference between System 1 and System 2 — and why every investing mistake starts with the fast one.
Start Lesson 1 →