Anchors aweigh

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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