Remember we are built for survival on the savannah, not patient and diligent investment decision-making. However, only by being aware of the many types of faults to which we are all inclined can we seek to mitigate them. There are many tools available to lessen these biases, though they all have a common theme: a disciplined approach backed up with thorough and detailed research.
Jim Wood-Smith is head of research at Hawksmoor Investment Management
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