It has been some time since we have had questions around why the FTSE 100 is doing relatively well, but things can change quickly in investing. In this note we outline a couple of biases that investors face when assessing their portfolio returns, 'anchoring' and 'recency bias'. Both are very important when assessing the FTSE 100 against a well diversified portfolio (of which the FTSE 100 is not!).
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