Wim Steemers – Overcome Behavioral Biases with the Help of a Good Team

<p><a href="https://www.linkedin.com/in/wimsteemers/"><strong>Wim Steemers</strong></a> <span style="font-weight: 400;">has a 30-year career working in over 40 countries around the world, of which the last 20 years were spent in funds management at AllianceBernstein, Macquarie, Colonial First State, and AL Capital.</span></p> <p><span style="font-weight: 400;">While educated at the University of Chicago’s Booth School of Business, he always had his doubts about the</span> <a href= "https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp"> <span style="font-weight: 400;">Efficient Market Hypothesis</span></a><span style="font-weight: 400;">, and he followed the development of</span> <a href= "https://rosevalleyfunds.com/behavioural-finance/"><span style= "font-weight: 400;">Behavioral Finance</span></a> <span style= "font-weight: 400;">over the years with keen interest.</span></p> <p><span style="font-weight: 400;">While he has a traditional fund management role at AL Capital, he spends his free time with his</span></p> <p><a href="https://rosevalleyfunds.com"><span style= "font-weight: 400;">Rosevalley Funds</span></a><span style= "font-weight: 400;">,</span> <span style="font-weight: 400;">where he puts into action what he suspected for a long time: there has to be a way to take advantage of the systematic biases that exist in human behavior.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>“People do not always behave rationally. They make errors in a particular direction, and if you’re aware of these behavioral biases, you’re gonna make money.”</strong></p> <p><span style="font-weight: 400;">Wim Steemers</span></p> <p><span style="font-weight: 400;"> </span></p> <h2><strong>Worst investment ever</strong></h2> <h3><strong>New technology rouses his curiosity</strong></h3> <p><span style="font-weight: 400;">In 1999, a new technology of doing laser operations on eyes to correct vision piqued Wim’s interest. Wim had been wearing glasses since he was four years old, so anything to cor