Sir Isaac Newton once said, “I can calculate the motion of heavenly bodies but not the madness of people.” During the 20th century, behavioral economics emerged as an area of study that attempted to understand how social, cognitive and emotional factors affect economic decisions. The purpose of this article is to make readers aware of common traps investors fall into so that they can be better prepared to avoid them.
Highland Investment Advisors’ 3 Solutions to Common Psychological Traps of Investing can be viewed by clicking here.
Access the entire Highland Columns Volume 2, Issue 1 by clicking here.