Fix It Friday - The Rearview Mirror Trap: Why Every Crisis Feels Like the Worst One

Welcome to Fix It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. In this episode, Jonathan Blau tackles a powerful psychological trap that can quietly derail even the smartest investors: hindsight bias. As global tensions rise and markets react, many people feel like “this time is different”—but is it really? Jonathan breaks down why every crisis feels worse in the moment, how our brains distort past events, and what it truly takes to make sound financial decisions during uncertain times. This episode is a timely reminder that success isn’t about predicting the future—it’s about being prepared for it.

What You’ll Learn:

What hindsight bias is and how it impacts decision-making

Why every crisis feels worse in real time

The difference between prediction and preparedness

How market volatility actually behaves over time

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Key Timestamps:

00:00 - Disclaimer and introduction

00:24 – What is hindsight bias (“I knew it all along” syndrome)

01:40 – The “rearview mirror” effect explained

02:30 – Why prediction is a myth in investing