The Behavioral Lab: Avoiding the Psychological Traps of Finance
Investing is 10% math and 90% behavior. Even with the best spreadsheets, your brain's evolutionary wiring can sabotage your wealth.
Loss Aversion
The pain of losing ₹10,000 is twice as intense as the joy of gaining ₹10,000. This bias leads investors to hold onto losing stocks for too long (hoping to break even) and selling winners too early.
FOMO (Fear Of Missing Out)
Seeing your neighbor get rich on a speculative crypto token or a hot 'multibagger' IPO triggers the desire to ditch your strategy. Stick to your risk geometry.
Recency Bias
The tendency to believe that what happened in the last 6 months will continue indefinitely. If the market is up, we expect a bull run forever. If it's down, we expect a crash. Stay objective and look at the multi-decade data.