Episode 11: Those Things are Everywhere

In this episode of Prosper with Purpose, we explore the Baader-Meinhof phenomenon, also known as the frequency illusion, and its powerful impact on our financial decisions. This psychological bias can make us believe that certain trends or opportunities are everywhere, shaping how we perceive and approach investments. Understanding this effect can help us avoid impulsive decisions and stay focused on our long-term financial goals.

Join me as we dive into:

• The Baader-Meinhof effect explained: How our brains filter information and make us feel like we’re seeing the same thing everywhere—whether it’s a hot investment or a trending market.
• Confirmation bias in investments: Why it’s easy to overlook risks and get caught up in the hype around a new opportunity.
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