Identifying Our Biases as Investors

While we cannot cure the behavioral biases we’re born with, we can certainly try to mitigate their effects. As investors we can benefit greatly from understanding the driving forces behind our financial decisions. The first step to correcting these biases is identifying what they actually are.

Our article of the week highlights the most common behavioral and cognitive biases we face as investors. Which of these sounds familiar to you? 

"The investor’s chief problem—and even his worst enemy—is likely to be himself." – Benjamin Graham

Indicator Shows Progress on Labor Tightness

Fourth quarter earnings season is beginning to conclude and many companies are seeing a critical tailwind of inflation showing signs of weakness. The share of management teams citing labor shortages, now at less than a third of the peak in 3Q 2021, indicates loosening in the jobs market, which the Federal Reserve has indicated will be necessary to slow wage growth and broader inflation. For further reading on labor market click here.

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Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance. 

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