Albert decided that it was time to invest his money. He was quite excited and told his friends about his new financial venture. Even his wife was supportive. Albert liked a number of riskier companies, but he decided to invest in the companies that had good financial standings. A year later, when five of the six companies went bankrupt, Albert's wife was furious and stated, "Anyone could have seen these companies were going to fail." This is called:
overconfidence.
operational thinking.
hindsight bias.
intuitive management.