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Behavioral Traps in a Strong Market

Author Carl Richards urges caution of the many biases that can creep into investors' mind-sets and how they might be playing out today.

Note: This video was originally posted in June 2013; we're re-featuring it as part of Morningstar.com's July 2013 special report: Inside the Investor's Mind.

Christine Benz: I'm Christine Benz for Morningstar.com. Very strong market environments can lead to all sorts of behavioral mistakes. Joining me to discuss that topic is Carl Richards. He is director of investor education at the BAM Alliance.

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