48. Does Ted Lasso Give Bad Investment Advice?!

In this Episode of Master Your Money Podcast - Ryan & Fran dive into this weeks newsletter - focusing on how we need to use history as our guide:

Key Points:

Avoid Recency Bias:

• The dangers of giving too much weight to recent events.
• Overcoming the natural tendency to focus on the short term.
• How to recognize and counteract recency bias in your decision-making.

Historical Performance:

• The value of analyzing historical data and trends.
• Identifying patterns and recurring themes.
• Learning from the successes and failures of the past.

Long-Term Mindset:

• Shifting your perspective from short-term gains to long-term growth.
• Strategies for developing a patient and resilient mindset.
• How a long-term approach can lead to more consistent and sustainable success.