Kar Yung Tom

In the realm of investing, a phenomenon known as the “Illusion of Skill” or “Overconfidence Bias” frequently leads investors astray. This cognitive bias causes individuals to overestimate their ability to consistently make superior investment decisions. Let’s examine some common statements that reflect this bias and unpack the assumptions and realities behind them. 1. “Fund fees … Read more

Remember when you were a kid, certain you’d be an astronaut or a rockstar? Our adult investing decisions can be just as misguided when we try to predict our future selves. Consider these scenarios: But just as our career aspirations evolved, so too will our investing temperament. We often can’t predict what we’ll do next … Read more