Over 400,000 people visited Farnam Street last month to learn how to make better decisions, create new ideas, and avoid stupid errors. With more than 100,000 subscribers to our popular weekly digest, we've become an online intellectual hub. To learn more about what we do, start here.

Michael Mauboussin Explains How Cognitive Biases Lead You Astray

In this video, Michael Mauboussin, Chief Investment Strategist at Legg Mason, shares three mistakes about how your brain leads you astray with cognitive biases.

One tip, Mauboussin offers to counter hindsight bias, is to keep a decision-making journal.

Michael Mauboussin is the author of More More Than You Know: Finding Financial Wisdom in Unconventional Places and more recently, Think Twice: Harnessing the Power of Counterintuition.