How much of your portfolio should be in stocks? It's one of investing's most important questions — and the standard answer is costing the average investor the equivalent of 2% of their lifetime consumption. Yale economists have finally built something better, and it fits in a spreadsheet.
Confirmation bias in financial advice can lead people to seek validation rather than objective guidance. New research shows investors often choose advisers who confirm their preferences, boosting confidence but not decision quality. Recognising this bias helps protect long-term outcomes and highlights the value of evidence-based, objective advice.
TEBI
Aug 19, 20257 min read
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