Does fear of getting things wrong stop you from making decisions?
If so, you’re not alone. Regret can have a profound impact on our choices.
In this short episode, we unpack the challenges, discuss some solutions and use the timely case of thematic investment funds as a case in point. We tackle:
The psychological nature of regret – why it can be useful, but also harmful.
How regret can impact the best and bright of us – smarts and market knowledge are no defence.
How it can hurt our choices from FOMO to delayed decisions – we discuss the case surrounding thematic funds.
Some simple tweaks that can reduce the fear of getting things wrong – the value of processes, monitoring choices and justifiability.
How we can help other people help us – self-knowledge and Joe and my challenges in this area, including Joe’s parents’ day race travails…