Most investors can probably have investment experiences that have shaped how they behave as investors in the future. For instance, an investment, in say, a single stock, may have been highly profitable as you happened to buy and sell at the right time. However, such an experience may give you make you overconfident in your abilities as an investor, including in your perceived ability to somehow pick future winners. By contrast, a past investment loss from perhaps buying when markets were at a high and selling after markets had heavily fallen may lead you to having an excessive aversion to […]