Herd and Recency bias | Smart Money

"We're afraid in times of uncertainty, and when we're afraid, we depend on herds to lead us. The guidance of the crowd can be a valuable crutch to rely on—no doubt—but what happens so much when we use it? When we're just lazy, what happens? Recency bias means to pay the most attention to recent news and not to consider past or old news. There are definitely many ways to overcome these biases. It is mandatory to overcome biases in order to invest smartly. If this all sounds daunting to you, Don't worry we are here to help! To know more and learn about it -- Read about investment on Smart Money by Angel Broking.
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