They don’t
accept things as true without questioning.
In an
uncertain world, we love to be right because it helps us make sense of things.
One of the
ways we strive to be correct is by looking for evidence that confirms we are
correct.
Psychologists
call this confirmation bias.
For
example, property investors tend to look for information confirming their hunch
about a property strategy, region, or trend.
I’ve found
those who display strong confirmation bias tend to be more overconfident, yet
tend to make the least money.
It seems we
like to be right, even if it costs us money.
Instead,
successful investors understand that most of us are ruled by our prejudices, so
they maintain a healthy scepticism and question new information before
accepting it to be true.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
You can now manage
your Residential, Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Thursday, 30 May 2024