Psychology

Psychology/Behavioral Finance:

• biases
• confirmation bias
• in-group out-group bias
• normalcy bias
• overreaction bias
• recency bias (anchoring)
• survivorship bias
• cognitive dissonance
• crowd behavior
• excuses
• random event
• limits of knowledge - Platonicity (thinking you know more than you know)
• rationalizations
• cash on sidelines
• confidence
• decoupling
• demographics
• double contrary
• economic miracle (Goldilocks economy)
• economic resiliency
• extrapolation ("buy the dip," greater fool theory, "it's different this time," "no end in sight")
• follow the smart money
• futility of macroeconomic forecasting
• futility of timing ("buy and hold")
• government as backstop (abundant liquidity, faith in the Fed, "too big to fail")
• company or industry recession-proof, problem isolated or contained
• valuations no longer matter