Mar 2, 2020
Every investor makes mistakes. Private or professional, amateur or experienced, there is no exception.
And many of these are common mistakes. Whether or not they want to admit it, many investors have committed the same errors.
How can you avoid these mistakes? How can you distinguish yourself as an investor and improve your performance?
My guest today is Joachim Klement, research analyst and former Chief Investment Officer with 20 years’ experience in financial markets.
His new book is Seven Mistakes Every Investor Makes (And How To Avoid Them). It calls upon years of experience and scientific research to deliver expert insight into the most common mistakes plaguing investors.
From there, Klement outlines his personal tools and techniques, developed, refined and successfully implemented over many years in the finance industry, to help avoid and mitigate such mistakes. His ultimate aim: to help you help yourself.
In this conversation, we touch on a handful of these mistakes, including home bias, overconfidence, and short-termism.
Here’s my conversation with Joachim Klement, author of Seven Mistakes Every Investor Makes, in episode 484 of Informed Choice Radio.