In this last installment of our behavioral finance and investor psychology series, Paul Blatz, private wealth advisor for FineMark National Bank and Trust in Jupiter, Florida, explores the concept of self-attribution bias. This bias leads investors to attribute positive outcomes solely to their own abilities, while blaming external factors for negative outcomes. By failing to acknowledge both sides of the coin, investors miss out on valuable learning opportunities. Blatz emphasizes the importance of evaluating the pros and cons to become better investors. Don’t miss out on gaining insights into these crucial concepts by watching the full video. Keep learning as we continue to cover more concepts in our series.
Watch our Behavioral Finance Explained Series here.
