#015 - El peligro de tu memoria financiera

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[1] Morgan-Housel.-Same-as-Ever.docx https://ppl-ai-file-upload.s3.amazonaws.com/web/direct-files/attachments/42984059/f19e1353-df62-496e-bfb9-48dcd9004da4/Morgan-Housel.-Same-as-Ever.docx [2] Focus on the Japanese market https://news.futunn.com/post/38261386/witness-history-the-nikkei-index-returns-to-its-peak-in [3] Japan's Lost Decades: 30 years of negative returns from the Nikkei ... https://www.afrugaldoctor.com/home/japans-lost-decades-30-years-of-negative-returns-from-the-nikkei-225 [4] 10Y Treasury Yield | Chart and Indicators https://financer.com/financial-indicators/10y-treasury-yield/ [5] 30 Year Treasury Rate (I:30YTCMR) https://ycharts.com/indicators/30_year_treasury_rate [6] Investor memory of past performance is positively biased and predicts overconfidence | PNAS https://www.pnas.org/doi/abs/10.1073/pnas.2026680118?aad=BAhJIkN7InR5cGUiOiJpc3N1ZXIiLCJ1cmwiOiJodHRwczovL3d3dy5pbnNlYWQuZWR1IiwiaWQiOjI2NzA0NTQxfQY6BkVU--021effc14ab6e66ea12a446d7da0df1613f0d0d0%3F_ref%3Dfinder [7] Investor Memory https://www.aeaweb.org/conference/2020/preliminary/paper/Byy6S6iA [8] Have Japanese Share Prices Recovered? https://www.nippon.com/en/features/h00090/ [9] Japan's Long Comeback | Charles Schwab https://www.schwab.com/learn/story/japans-long-comeback [10] 10 Year Treasury Rate - 54 Year Historical Chart https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart [11] Investor memory of past performance is positively biased and predicts overconfidence - PubMed https://pubmed.ncbi.nlm.nih.gov/34475206/ [12] Real-life Investors' Memory Recall Bias: A Lab-in-the Field Experiment https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3684684 [13] The Nikkei reaches its highest levels of 1989 https://www.cointribune.com/en/the-nikkei-reaches-its-highest-levels-of-1989/ [14] 10 Year Treasury Rate by Year https://www.multpl.com/10-year-treasury-rate/table/by-year [15] INSEAD research: Overconfident investor trust in memory can https://www.insead.edu/news/insead-research-overconfident-investor-trust-memory-can-result-bad-investments [16] -1.5cmInvestor Memory and Biased Beliefs: Evidence from the FieldWe are grateful for extensive feedback from Nick Barberis, Mike Kahana, Yueran Ma and Jessica Wachter during the survey design stage of this project. For helpful comments, we thank Nick Barberis, Pedro Bordalo, Nicola Gennaioli, Mike Kahana, Yueran Ma, Frederik Schwerter, Andrei Shleifer, Kelly Shue, and seminar participants at Booth Behavioral Decision Making Conference, FRA Annual Meeting, LSE, Maastricht, NBER Behavioral Finance Meeting, and WEFIDEV. We thank the Shenzhen Stock Exchange for running the survey and for their collaboration. This study has received IRB approval or exemption from DePaul (IRB-2021-306), LSE (Reference No: 22757), and Northwestern (ID: STU00214866). https://afajof.org/management/viewp.php?n=22372 [17] Inside Japan's 1980s Asset Price Bubble: The Lost Decades https://www.capitalmind.in/insights/lost-decades-japan-1980s-asset-price-bubble [18] 10 Year US Treasury Bond Yield - 10 Year Treasuries https://www.mortgagenewsdaily.com/treasury/10yr [19] Japan’s Stock Market Is Finally Back to 1990 Levels https://foreignpolicy.com/2023/06/23/japan-stock-market-recovery-1990-investment-growth/ [20] Treasury Notes & Bonds Historical Information https://treasurydirect.gov/auctions/announcements-data-results/announcement-results-press-releases/previous-announcements-and-results/treasury-notes-bonds-historical-information/ [21] Nikkei Reclaims All-Time Record Last Reached in 1989 https://www.youtube.com/watch?v=AmbcPCOCAgU [22] Nikkei back above 30,000 after more than three decades https://www.nippon.com/en/news/reu20210215KBN2AF02G/ [23] 30 years since Japan's stock market peaked, climb back continues https://asia.nikkei.com/Spotlight/Datawatch/30-years-since-Japan-s-stock-market-peaked-climb-back-continues [24] Japan’s Nikkei Index Finally Surpasses its Historic 1989 Peak https://www.youtube.com/watch?v=pQ0rzqE4YQM [25] Nikkei takes almost 35 years to get back to 38k. : r/Bogleheads https://www.reddit.com/r/Bogleheads/comments/1arx6at/nikkei_takes_almost_35_years_to_get_back_to_38k/ [26] A historic moment https://klementoninvesting.substack.com/p/a-historic-moment [27] Japanese Recovery Brings Highest Nikkei in 30 Years - Plus500 https://www.plus500.com/en-CZ/NewsAndMarketInsights/Japanese-Recovery-Brings-Highest-Nikkei-in-30-Years [28] 1989 Japanese Nikkei Stock Market Crash: Learning from History https://www.blanchardgold.com/market-news/lessons-from-the-japanese-stock-market-crash/ [29] Nikkei to reach 30-year high on economic reopenings - Reuters https://www.reuters.com/world/asia-pacific/nikkei-reach-30-year-high-economic-reopenings-2021-05-26/ [30] Nikkei 225 Index - 67 Year Historical Chart | MacroTrends https://www.macrotrends.net/2593/nikkei-225-index-historical-chart-data [31] Japan's stock market will recover from a 35-year slump and hit ... https://finance.yahoo.com/news/chart-day-japans-stock-market-030205931.html [32] Table Data - Interest Rates and Price Indexes; 10-Year Treasury Yield, Level https://fred.stlouisfed.org/data/BOGZ1FL073161113A [33] Treasury Notes & Bonds History https://www.treasurydirect.gov/auctions/notes-and-bonds-history/ [34] 10-year U.S. Treasury bond yield 1990-2024| Statista https://www.statista.com/statistics/698047/yield-on-10y-us-treasury-bond/ [35] Chart 10 https://www.fdic.gov/regulations/examinations/supervisory/insights/sisum05/dlink10.html [36] A Brief History of the Bond Market https://www.ajg.com/gallagherre/-/media/files/gallagher/gallagherre/news-and-insights/2023/november/a-brief-history-of-the-bond-market.pdf [37] U.S. Rates 10 Years Rates | Markets Insider https://markets.businessinsider.com/rates/u-s--rates-10-years [38] US 10 Year Treasury Bond Note YieldQuote - Chart - Historical Data - News https://tradingeconomics.com/united-states/government-bond-yield [39] Interest Rate Statistics https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics [40] 10 Year Treasury Rate (I:10YTRNY) https://ycharts.com/indicators/10_year_treasury_rate_annual [41] United States US: Government Bond Yield: 3-5 Years https://www.ceicdata.com/en/united-states/treasury-bill-and-government-securities-rates-annual/us-government-bond-yield-35-years [42] 244 Series https://fred.stlouisfed.org/tags/series?t=bonds%3Blong-term [43] Table Data - Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis https://fred.stlouisfed.org/data/gs10 [44] Investor Memory and Biased Beliefs: Evidence from the Field https://legacy.iza.org/en/webcontent/events/seminar_description?sem_id=3582 [45] "Thought Provoking Thursdays 17"-- Check Your Biases - LinkedIn https://www.linkedin.com/pulse/thought-provoking-thursdays-17-check-your-biases-sandeep-khanna [46] Recency Bias: Understanding Its Impact on Our Decisions - Quartr Insights https://quartr.com/insights/investing/recency-bias-understanding-its-impact-on-our-decisions [47] Work the Magical Recency Bias to Your Advantage! - LinkedIn https://www.linkedin.com/pulse/work-magical-recency-bias-your-advantage-mario-singh [48] Learning with Recency Bias$ https://economics.mit.edu/sites/default/files/2022-09/Learning with Recency Bias.pdf [49] Angelica Spratley's Post - Recency Bias - LinkedIn https://www.linkedin.com/posts/angelicaspratley_recency-bias-bias-part-2-activity-7262875576053415936-U_lH [50] Dealing with Recency Bias as a Freelancer - LinkedIn https://www.linkedin.com/pulse/dealing-recency-bias-freelancer-kali-roberge [51] Recency Bias, Laughing at God, and Birthing New Possibilities https://millennialpastor.ca/2020/06/14/recency-bias-laughing-at-god-and-birthing-new-possibilities/ [52] 3 Unconscious Biases That Affect Nonprofit Board Decision-Making https://www.linkedin.com/posts/leeannalameda_3-unconscious-biases-that-affect-nonprofit-activity-7207094956073644033-diHI [53] [PDF] Millennials in the Workplace: Recalling Critical Incidents of Negative ... https://academicworks.cuny.edu/cgi/viewcontent.cgi?article=1139&context=bb_etds [54] Fearful Symmetry: Six Decades of Treasury Yields https://www.aei.org/articles/fearful-symmetry-six-decades-of-treasury-yields/ [55] 10 Year Treasury Rate (I:10YTCMR) https://ycharts.com/indicators/10_year_treasury_rate [56] Challenging Bias: the Millennial Generation - LinkedIn https://www.linkedin.com/pulse/challenging-bias-millennial-generation-charlene-brown [57] Martyna Papciak - It's called recency bias - LinkedIn https://www.linkedin.com/posts/martyna-papciak_its-called-recency-bias-focusing-too-much-activity-7289641942966005760-U-fW