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Hindsight bias says to abandon your plan. Here’s why you shouldn’t.

Almost 60 several years later on, a lot of believe that Decca should’ve regarded The Beatles’ expertise instantly and predicted their potential success. This is what’s named “hindsight bias”—also recognized as the “I-realized-it-all-along phenomenon”2—a tendency to believe that we realized something was likely to happen or that we really predicted it.

Hindsight bias exists prominently in investing.3 No make a difference the current market conditions, there are generally messages from the media or the investing community that a current market party, these kinds of as an serious drop or boost, was foreseen, probably even evident. If you

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