Master Your Behavioural Biases | Nimesh Chandan | The Wealth Formula

Core Development: Master Your Behavioural Biases | Nimesh Chandan | The Wealth Formula

Market & Financial Impact: Why do investors hold on to losing stocks and sell winners too early? Why do we cling to old assumptions, seek evidence that confirms our beliefs, or panic when markets fall? In this exclusive The Wealth Formula conversation, N Mahalakshmi speaks with Nimesh Chandan, CIO, Bajaj AMC, about the behavioural biases that shape investment decisions — and how investors can learn to recognise and overcome them. From anchoring, confirmation and recency bias to the disposition effect and myopic loss aversion, the conversation explores the psychology behind investing and the discipline required to make better decisions. In this conversation: Why contrarian investing begins with understanding crowd behaviour How to recognise and overcome behavioural biases Responding to sharp market falls and negative surprises Risk versus uncertainty: why the distinction matters Challenging assumptions and avoiding anchoring Using pre-mortems, backcasting and bull-bear scenarios Why investors should maintain an investment journal The role of expert intuition and sounding boards Will AI make human investment skills irrelevant? Watch the full conversation for insights on making better investment decisions by understanding not just the markets, but your own mind.

Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.