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Dorsey: Rewire Your Brain for Better Investing

Overcoming mental roadblocks like loss aversion, the endowment effect, and recency bias can have a profound effect on investors' returns, says Sanibel Captiva's Pat Dorsey.

Jason Stipp: I'm Jason Stipp for Morningstar. As part of Morningstar's 5 Days to Better Investing, today we're talking about behavioral finance and how you can actually behave better and improve your chance for better returns.

Joining me today to talk about some behavioral finance issues is Sanibel Captiva Trust's, Pat Dorsey. He is their director of research, and a former director of equity research here at Morningstar.