Mistakes: The root cause of every mistake in investing (& life)

<p>It's another in our series of mistakes - the ones we've made, and how *not* to make them again! This week, we’re going to look at the reasons why we keep making these mistakes - known as cognitive biases. A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them. Unsure about that definition? Basically—our brains aren’t perfect. They often make mistakes when taking in information from the world and trying to make sense of it. A cognitive bias is a term for these mistakes our brains often make.</p><p><br></p><p>The books that Alec and Bryce were talking about: <a href="https://www.booktopia.com.au/thinking-fast-and-slow-daniel-kahneman/book/9780374533557.html?dsa=s1-east&amp;gclid=Cj0KCQjwk4yGBhDQARIsACGfAeup7JjFysARB3I6fbucVcKfqkAiphOtoaXVGt6xQ8X1PRUoBGZzGhkaAp2VEALw_wcB" rel="noopener noreferrer" target="_blank">Thinking, Fast and Slow</a> and <a href="https://www.booktopia.com.au/the-undoing-project-michael-lewis/book/9780141983042.html" rel="noopener noreferrer" target="_blank">The Undoing Project</a>. If you want to let Alec or Bryce know what you think of an episode, contact them <a href="mailto:contact@equitymates.com" rel="noopener noreferrer" target="_blank">here</a>.&nbsp;</p><p>&nbsp;</p><p><strong>Some of our favourite resources and offers to help you during your journey:</strong></p><ul><li>$50-$200 OFF some<a href="https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.rask.com.au%2Faffiliates%2Fequity-mates%2F%3Ffbclid%3DIwAR0dBeLzTrbG-FqXo9rlEiPVUg39np1O543JVK5qXS0T8Xnr64Rvgp8SYzY&amp;h=AT0Vh08-_Zp_3sgvjYEyyKPnUd0kbo9K6RBH_AgN-K0HCm4MwzBzynfwJKxZs481ZYz2GE2j9KvatPwZW8ltaiDFwjEw9F23--SHwvTaX1DPhXmbfPLY5n4SY-5ZK5rEiXNOSso&amp;__tn__=-UK-R&amp;c%5B0%5D=AT0qBILmah0ELvLzyyoRG8uciytODsBcQ5C8MhT06BlFZVATFPjh2OD9-A8_JBrrNp9MrscxSslW9Ck96-Bd3XO2SwQ0ScYPKLiZVvDaGIxbNpBXZgztn4VGNhd2w-JHxyYzoV-gLyv7fezZrRMUMCN27aqrkJj1Tmz3mSPhHzcDWDmZojPiGyLxHEf99efJ1dCUdjk0GG6jAok4eEK6TQ" rel="noopener noreferrer" target="_blank"> amazing inves