Anchoring is one of the biggest investing mistake we make. Anchoring is defined as a behavioural finance concept where we use irrelevant past stock prices (anchors) that impact our current decision making and usually lead to mistakes. When you anchor your decisions on stock prices you let the market be your guide, instead it has to be your servant. 0:00 Investing Mistakes 0:54 Stock Price Focus 1:30 Anchoring Definition 1:51 Anchoring Example 3:20 The Business Of Prices 5:15 Anchoring Mistake Watching paint dry investing - https://www.youtube.com/watch?v=nAEpfYmKjTw Alibaba stock analysis - https://www.youtube.com/watch?v=yWjh8rVFMdU What is this channel all about? Value Investing: https://www.youtube.com/watch?v=2GFwfNOKWJM My 5 Core Stock Market Investing Beliefs https://www.youtube.com/watch?v=H_rNnZOnPwg My passion is to look for low risk high reward investment opportunities with a long-term business owning like focus. I apply my accounting skills and investing experience in order to find the best businesses to own that offer the possibility to lead me towards my financial goals. If you are a sophisticated investor looking for in depth, independent stock analyses and investing ideas, here is my STOCK MARKET RESEARCH PLATFORM (business research and risk reward analysis, stocks to buy from my covered stocks list, my portfolio): STOCK MARKET RESEARCH PLATFORM (STOCKS, PORTFOLIOS, STRATEGY, COVERAGE & MORE): https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Here is a bit about how I invested over time, my performance: https://www.youtube.com/watch?v=JGSG3xMkzh0 Are you an investor that is just starting? Sign up for the FREE Stock Market Investing Course - a comprehensive guide to investing discussing all that matters: https://sven-carlin-research-platform.teachable.com/p/stock-market-investing You can DOWNLOAD THE FREE COMPARATIVE STOCKS LIST AND INTRINSIC VALUE TEMPLATE on my Stock Market Research Platform: https://sven-carlin-research-platform.teachable.com/courses/335443/lectures/30817849 I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t Check my website to hear more about me, read my analyses and about OUR charity. (YouTube ad money is donated) www.svencarlin.com Listen to Modern Value Investing Podcast: https://svencarlin.com/podcasts/ I am about long-term investing but my wife is about something even more important; long-term health! Naturally Ana YouTube Channel: https://www.youtube.com/channel/UC-weHW_U2PZgzOReOyOvldQ I often get asked about brokers, here is a low fee broker, DeGiro that covers global markets and is simple to use and I use it too. https://www.degiro.com/?tap_a=56340-8d2ff5&tap_s=845236-2595ed&utm_source=svencarlin&utm_campaign=DEGIRO+EU&utm_medium=a&utm_content=hp Always keep in mind: “Investing involves risk of loss” #anchroing #behaviouralfinance #investing