Anchoring is a concept in behavioral finance where a person’s decision making ability is anchored in some past event. For example an investor today stays shy of investing because his mind is anchored in the 2008 stock market crash. He cannot think beyond.
Thinking Man suggests that in investments our decisions should be always future looking and we should steer clear of past events. Make investments on the merit of investing principles such as long term investing, asset allocation and diversification etc.