Module 8: Cognitive Biases

How Our Brain Screws Up Our Investment Decisions | taught by Aman Raina, MBA
  • 31 Videos
  • 2 Texts
  • 1 Audio
  • 1 Download
  • 2.0 hrs

Course Curriculum

Introduction and Administration Items
01:24
Administration Items
Module 8 - Slides Downloads
Introduction
Module 8 - Podcast
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The Greatest Impediment To Making Better Investment Decisions...
03:33
Slide 1
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We Have Met The Enemy...
01:04
Slide 2
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How We Feel About Investing
02:28
Slide 3
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The Dirty Little Secret of Investing
01:59
Slide 4
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Cognitive Investment Behaviours
02:14
Slide 5
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Herding/Groupthink Behaviours
03:12
Slide 6
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Herding/Groupthink Behaviours (continued)
04:58
Slide 7
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Herding/Groupthink Behaviours (continued)
01:35
Slide 8
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Herding/Groupthink Behaviours (continued)
02:01
Slide 9
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Herding and Peer Pressure Investing
03:38
Slide 10 FREE PREVIEW
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Evaluating Herd/Consensus/Market Psychology
14:24
Slide 11
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Identifying Consensus
03:10
Slide 12
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Role of Sentiment
04:39
Slide 13
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Optimism Bias
03:44
Slide 14
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The Ever Optimistic Analyst
01:11
Slide 15
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Optimism + Groupthink = Active Management
02:28
Slide 16
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Expert Bias - "The Articulate Incompetents"
07:51
Slide 17
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Expert Bias (continued)
03:15
Slide 18
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Confirmation Bias
02:41
Slide 19
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How Social Media Can Kill Your Investment Returns
04:27
Slide 20
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Social Media Can Kill Your Investment Returns (continued)
01:45
Slide 21
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Recency Bias
01:35
Slide 22
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Recency Bias (continued)
01:35
Slide 23
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Recency Bias (continued)
03:10
Slide 24
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Geographical Bias
09:08
Slide 25
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Avoiding Cognitive Biases
02:00
Slide 26
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Managing Our Investing Brain
03:09
Slide 27
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Managing Our Investing Brain (continued)
10:17
Slide 28
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Where Investors Screw Up
27:11
Slide 29
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Final Thoughts
01:34
Final Thoughts
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Module Evaluation
Feedback
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Course description

Most times it is not our level of financial literacy or acumen that will hold us back from making better investment decisions. It is the behavioural biases that each of us inherit and that we are constantly engaging with on a daily basis. These biases often cloud our judgement and get in the way of us making better investment decisions. We believe that the secret sauce for becoming better investors revolves around having an understanding and awareness of these cognitive or behavioural biases.

This module takes a deep dive into examining the more common behavioural biases that mess with out brain and logic and holds us back from becoming better investors and more importantly how we can better manage them. We will examine concepts revolving around how peer pressure and even social media can exert great influence in how we frame our investment decisions.

Estimated Course Time: 2 hours 18 minutes

Math-i-ness Factor: (1=No Math, just concepts, 10=breakout the spreadsheets and calculators)

1 - Rest easy. Next to no math in this module. Mostly concepts....very important concepts!

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Instructor

Aman Raina, MBA
Aman Raina, MBA
Investment Coach and Founder - Sage Investors

I help new and experienced investors who want to be financially secure but feel confused , intimidated and uninformed by the investing world. They either don’t know where to begin or feel that they are not making enough progress with their investments. I teach and engage with them in how to make educated investment decisions so that they can achieve financial freedom in their lives with confidence.

Over the years, I have met numerous investors who have shared their stories about how financial institutions have failed them in providing appropriate guidance for their investment portfolios. Many have gone on to lose significant portions of their savings, leading to financial and emotional hardships, while the institutions that should be helping them are enjoying massive profits. I believe there is a serious disconnect here and this is not healthy for our society.

My call to action

The people that I saw requiring the most assistance was hard working people like yourself, who after several stock market meltdowns have decided they want to take control of their financial destiny.

Sage Investors is Born

After investing for 20 years, I really believe deep down that investing is a lot easier than what the industry makes it out to be and any person can become really good at investing if they have the right education, motivation, and support. With that I created Sage Investors with a goal of creating an army of empowered and successful Sage Investors!

I've seen it first hand in the people I've worked with. When I started working with people, they knew nothing about investing, but with hard work and commitment to learning the mechanics and emotional aspects of investing, I see them now as confident investors who are building a meaningful nest egg for their future on their own.

I see them happy that their hard earned savings are growing meaningfully for them.

They have hope.

They have hope that that they have a good chance of having some financial flexibility to achieve their own personal and family goals.

I have gained so much admiration and greater satisfaction in helping these hard working people achieve some level of financial freedom in their lives. The best part is when I help someone on their investing journey, I am learning something new about investing that helps me. What a win-win!

I look forward to having an opportunity to work with you.

To your future investing success!

Aman has appeared on a variety of media outlets including financial print media as well as podcasts.

Sage Investors is based out of Toronto, Canada

Aman Raina, MBA

Investment Coach and Founder - Sage Investors

Twitter: @sageinvestors

Email: aman@sageinvestors.ca