Reported 1 day ago
Financial literacy is surprisingly low among American adults, with many intelligent individuals making poor money decisions due to biases like authority bias, confirmation bias, and overconfidence bias. Financial expert Humphrey Yang emphasizes the importance of recognizing these biases, striving for objectivity, asking deeper questions about financial motivations, and sticking to simpler investment strategies to mitigate the risk of making detrimental financial choices.
Source: YAHOO