Successful investing is often perceived as a game of intelligence, research, and market knowledge. However, according to behavioural finance expert James Montier, the biggest challenge for investors is not identifying the next winning stock but managing their own emotions and psychological biases.
Montier argues that investors frequently assume behavioural biases affect everyone else but not themselves. This “blind spot bias” often leads to poor decisions, excessive trading, and disappointing long-term returns.
