Weekend reading: A map of all our mental biases

Weekend reading logo

What caught my eye this week.

I enjoyed the following comprehensive map of all the biases we face when using our brains. (Click through for a high-resolution version, the link is at the top of the page you’re taken to).

Every Single Cognitive Bias in One Infographic


It’s pretty clear that to err is to be human. And pretty amusing to remember all the economics text books – and the odd Nobel prize – premised on the notion we make perfectly rational choices.

Have a great weekend!

From Monevator

The latest Slow and Steady Passive Portfolio update – Monevator

From the archive-ator: The bohemian investor – Monevator


Note: Some links are Google search results – in PC/desktop view these enable you to click through to read the piece without being a paid subscriber.1

Markets and assets across the world are at record highs – Bloomberg

The millennials making a living from live-streaming – Guardian

Energy price cap will not take effect this winter, says industry – Guardian

London property market ‘won’t bounce back until 2021’ – Telegraph

Affordable homes in south-east England should cost £250,000 or less, says study – Guardian

FCA urged to launch full probe into pension transfer advice [Search result]FT

UK car sales slide for a sixth month amid falling consumer confidence – Guardian

The new £10 that sold for £7,200 – ThisIsMoney

Chart that reveals what an average Briton puts in and takes out of the welfare state at different ages.

The three ages of tax and welfare [Search result]FT

Products and services

Battle of the Banks! First Direct and Halifax offer £125 to switchers – ThisIsMoney

New HSBC app will show all your accounts in one place – Guardian

The cashback credit cards that are still worth having – ThisIsMoney

A quick history of the FTSE 250 – ThisIsMoney

Comment and opinion

Would you accept a five-year lock-up on your index funds for an extra 1%? – Morgan Housel

Financial news media doesn’t rhyme but it does repeat – A Wealth of Common Sense

European active funds lag the market, just like US ones – Morningstar

Why are European stocks chronically cheaper than US ones? – The Reformed Broker

Art buyers find few investment masterpieces [Search result, detailed]FT

The companies behind AIM’s incredible rally – Interactive Investor

What it’s like to buy a house without a mortgage – Simple Living in Somerset

Merryn: Active fund managers start to fight back [Search result]FT

How various return factors have done in 2017 so far – Factor Research

The September to remember – Investing Caffeine

The Brexit fallacy – Evening Standard

Don’t rely on the Bank of Mum and Dad [Search result, lots of ideas]FT

Fighting evil with index funds [Podcast, skip first segment unless Canadian]Canadian Couch Potato

Off our beat

Don’t eat like Warren Buffett… [An experiment]Business Insider

…but eating like Elon Musk is okay [From 2016]Business Insider

And finally…

“The unconventional, but inescapable, conclusion to be drawn from the past fifty years is that it has been far safer to invest in a diversified collection of American businesses than to invest in securities – Treasuries, for example – whose values have been tied to American currency.”
– Warren Buffett, Letters to Shareholders 1965-2016

Like these links? Subscribe to get them every Friday!

  1. Note some articles can only be accessed through the search results if you’re using PC/desktop view (from mobile/tablet view they bring up the firewall/subscription page). To circumvent, switch your mobile browser to use the desktop view. On Chrome for Android: press the menu button followed by “Request Desktop Site”.

from Monevator http://monevator.com/weekend-reading-a-map-of-all-our-mental-biases/


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