James Kirby
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Meanwhile, I think we have a decade now where the Wall Street indices have returned 15% a year and ASX has returned about nine year after year.
And yet people say, oh, you know, well, this is where I live.
This is where I have most of my investments.
How does that work and translate that to the property market for me?
Concentration risk, as you say.
So I suppose in theory, at least, there's no reason for that anymore.
There was a reason once upon a time.
It was extremely difficult.
It is not at all difficult now to buy into a state.
Okay.
So there we have, we mentioned anchoring bias.
Information bias, there's two.
What else do you come across?
Oh, yes.
Okay.
The recency bias.
Yes, indeed.
Okay.
Now, in terms of share market, folks, that would be something like, well, for instance, you might have a stock.
I'll give you a good example of a stock.