Tim Beyers
๐ค SpeakerAppearances Over Time
Podcast Appearances
Up next, we do a little mindset Monday and we want your comments on this fool.
All right, let's talk mindset.
Asit and I used to do this on Fool 24.
We want to know if you want to hear more about this, but this is a quick one.
I asked Gemini, looking at all your available and most highly credible sources for behavioral finance, give me the three most cited hopes or concerns when it comes to investing and building wealth right now.
So here's what came back, guys, and I want your reactions to all of these.
A big concern around loss aversion and panic selling, the pain of loss stronger than the pleasure of gain.
We've talked about this before.
The two themes in this one were selling winners way too early.
And then the disposition effect that I'm pretty sure that Dave's going to talk about.
In this case, Gemini was focusing on holding losers too long.
But there's some wrinkles there.
Number two, this is both a hope and a concern, FOMO.
FOMO and panic, the herd mentality.
I don't think we need to really say too much about that.
FOMO is something that everybody feels.
Fear of missing out is a very powerful motivator.