&lt;div &quot;=&quot;&quot;&gt; <div data-dfp-position="jumbotron"> <div data-adsensecolor="background=|border=|link=|text=|url=" data-adunit="/3834/wealthmanagement.home/article/investment/equities" data-google-query-id="CL3bkeuU1tACFY5CNwodLbIILA" data-mapping="0*0=300*250|639*0=300*250,300*600" data-name="article_300_x_rht" data-size="300*250,300*600" data-targeting="pos=300_1_rht|program=viewpoints|ptype=Article|nid=72338|pterm=equities|author=Matthias Paul Kuhlmey|reg=anonymous" id="prbnr98yq5u3qlrlprbnr98yq5u3qlrlprbnr98y"> <div id="google_ads_iframe_/3834/wealthmanagement.home/article/investment/equities_7__container__">Over the past years, &ldquo;recency bias&rdquo; has become a more common element in asset allocation choices, and, at the same time, a significant yet underappreciated risk to investment returns. Investors like to buy what has worked in the past, and many naturally wish they had bought those particular assets much earlier.&nbsp;</div> </div> </div>