In your role as investment consultant, you have recently taken on the following 2 clients.

In 4-5 sentences for each client explain the bias(es) exhibited by the person and identify your approach to advising them.

Bond has the following characteristics as an investor:

1) follows the current trend in investing

2) tends to carry large cash balances

3) when an investment goes his way, he convinces himself that he knew it all along

4) likely to say yes to investments that make sense to him.