This document discusses various cognitive biases that can affect investment performance. It identifies 12 common biases: overconfidence, familiarity, anchoring, confirmation bias, mental accounting, illusion of control, recency bias, hindsight bias, herd mentality, representativeness, self-attribution bias, and trend-chasing bias. These biases can cause investors to ignore evidence, become overly concentrated, rely too heavily on past information, and make decisions based on social and emotional factors rather than objective analysis. Avoiding cognitive biases allows investors to make impartial decisions based solely on available data.