Video
What is Overconfidence Bias?
Hannah Whatley
11.09.2022
Overconfidence bias is when we overestimate our knowledge and our abilities. More specifically, we have a tendency to credit ourselves for our successes while blaming our failures on external factors.
I’m Hannah Whatley, an advisor with Rather and Kittrell. We see overconfidence bias play out in people’s financial lives when individual, or even professional investors, boast excellent returns while the market is growing, but then blame external factors when the losses inevitably come. Instead of buying into this cycle of bragging and blaming, we recommend establishing a dedicated investment strategy that will guide you through the good times and the bad.
If you’d like to learn more, visit us at rkcapital.com.
