West Loop Financial LLCWhen it comes to investing, rely on long-term wisdom – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 When it comes to investing, rely on long-term wisdom https://www.westloopfinancial.com/2015/08/24/when-it-comes-to-investing-rely-on-long-term-wisdom/ https://www.westloopfinancial.com/2015/08/24/when-it-comes-to-investing-rely-on-long-term-wisdom/#respond Mon, 24 Aug 2015 09:00:46 +0000 http://evolvemypractice.com/?p=2167 When it comes to the market’s peaks and troughs, investors often don’t react as rationally as they might think. In fact, in times of extreme volatility or poor performance, emotions threaten to commandeer our common sense and warp our memory. It’s called recency bias. Recency bias is basically the tendency to think that trends and...

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]]> When it comes to the market’s peaks and troughs, investors often don’t react as rationally as they might think. In fact, in times of extreme volatility or poor performance, emotions threaten to commandeer our common sense and warp our memory.

It’s called recency bias.

Recency bias is basically the tendency to think that trends and patterns we observe in the recent past will continue in the future.

Read the rest of the article on CNBC.

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