![]() Reference Class Forecasting: Investors should judge new investment products by comparing them with past profits, yielded by investment products belonging to the same asset class Asset Class Assets are classified into various classes based on their type, purpose, or the basis of return or markets.Simply put, don’t make the same mistake twice. Heuristics is the ability to recall negative occurrences from the past to make sensible choices in the future. Availability Heuristic: Don’t forget unpleasant experiences.Look out for products that offer consistent returns over the period-avoid products that claim high gains in a short period. ![]()
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