Jason Zweig Nails Hindsight Bias

The market doesn’t have a memory, but investors do. And many investors get fooled because of it. Paul shares an article from the WSJ called “Mirror Mirror on the Wall, Who Knew that Stocks Would Fall?” by Jason Zweig. He interviews people about their predictions for 2022 in January, and then follows up at the end of the year to see if anyone can remember their predictions. Investors strangely remember making predictions they never made. Listen along as Paul explains hindsight bias and how it can kill a great investment plan. Later, Paul and the team spend some time talking about changes for Apple in the EU, and why markets need competition.

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