Episodes
“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste). This podcast is fifth in the investment process series. It is the planning up from the matters. #1 tip to avoid pain is to use stop loss techniques! -BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #mentalModels This book...
Published 01/21/20
Recap of general market trends experienced in 2019 and interpret what they might mean for the economy in 2020. The expansion is the longest we have see, we are now beyond what it occurred from 1990-2000. Growth has been tepid so it might continue. We discuss economic indicators and historical trends from the past. BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #MentalModels This book will help you overcome the biases that are...
Published 01/15/20
How politics might influence the stock market in an election year! All of this while the standing president of the United States is under investigation for impeachment by the Senate. What are your predictions for the next president of the United States of America? Which stocks do you seeing impacted? @ 11:30 minutes George discusses his stock pick that could be influenced by the election year and why. Listen in. BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE |...
Published 01/08/20
There won't be any regular episodes of Mental Models Podcast as we take a holiday break. Regular service will resume the first full week in January 2020. In the meantime, enjoy a holiday message and we have recapped a popular podcast on Behavioral Bia$. Join Dan and George at the Center for BrainHealth, Dallas, TX on 1/23/20 as they discuss “Money and your Brain: How Cognitive Biases Impact Investing” based on their book "Understanding Behavioral Bia$" link below. Thanks to everyone for...
Published 12/23/19
“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste). Fourth in the series on the investment process - with top fund manager tips of the steps of analysis and execution. Biases to be aware of are recency bias also at minute 6:58 base rate neglect - which is also discussed in podcast #28 on Bill Gates brain. Min. 12:30 Group think biases...
Published 12/11/19
Follow along with our book “Understanding Behavioral Bia$” by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste). Electronic version and paperback. The purpose of fundamental research during the investment process is to understand the cooperative position of the business/stock and devise the value of the business of its ability to generate free cash flow now or in to the future. Create a...
Published 12/03/19
Book review and origin story of "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making”. This book is a great tool to improve your investing skills. This is not a list of biases, but a guide that provides best practices to overcome biases when investing. Remedies to each bias are included. Learn about these biases and be able to capitalize off of the biases of other investors. Also, included is a summary of the investment process used in a successful hedge fund....
Published 11/25/19
Idea vetting is the second step in the Investment Process - how to improve your process and what Biases are keeping your from your financial and investing goals. NEW BOOK "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" Available on Amazon NOW. Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com
Published 11/20/19
Investment Process new series (3 parts) from Mental Models Podcast. Talking you through each step of the investment process, starting with idea generation and associated biases. Watch out for episodes II and III of the Investment Process. Our upcoming book "Understanding Behavioral Bia$" will include this topic and more - November, 2019. Be sure to listen to Mental Models: Group Think Part 1 and Mental Models: Group Think Part 2 for biases when borrowing an idea and how to manage and or...
Published 11/13/19
Biases can come about and trip up your investing decisions when your moving to fast. Incorporate speed bumps into your process, such as a check list. Have a coffee (or a scotch) and think through your process! There is an upside to biases - consider the slow mode advocated by Daniel Kahneman. Behavioral finance book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" available November, 2019. Available on Amazon soon. More information at...
Published 11/06/19
In the investing world some very distinctive feature are alerting you to a particular opportunity or something to be concerned about - Peaking your Curiosity. Base Rate Neglect Bias: Try to think in probabilities when ever possible, because there are so many statistics out there. Behavioral fimamce book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" wiil launch on November 4, 2019, starting with the e-reader. The book is Available on Amazon. More information...
Published 10/30/19
Passive index funds (ex. S & P 500 can be over performed if an edge can be found. Ways to avoid bias in active and passive management. Episode #29 is discussed in our new book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making", specifically Chapter 8. Tentative release of the e-reader book is November 4, 2019. More information at https://www.mentalmodelspodcast.com This is a listener requested topic - Thank you Waco of Dallas for your question and support....
Published 10/22/19
A discussion of Bill Gate's mental models as observed in the 3 part documentary series on Netflix: "Inside Bill's Brain: Decoding Bill Gates". Bill Gates mental process protects him from a variety of cognitive biases, such as base rate neglect. Other biases discussed in relation to Bill Gates mental process include survivor bias, Illusion of control, and overconfidence.
Published 10/15/19
Artificial Intelligence Part 2 with Mike Hughes from OutSystems in Portugal discussing uses of AI in investing, business and court proceedings as the AI judge!
Published 10/08/19
Artificial Intelligence expert Mike Hughes discusses a range of topics including machine learning and the future of computing. Part 1 of a 2 part series in AI and investing. Mike is an accomplished "IT Renaissance Man". Mike is part of the OutSystems success story, which helps clients to become their own success stories using PutSystems low-code platform. Sound has been updated for audience!
Published 10/06/19
Artificial expert Mike Hughes discusses a range of topics including machine learning and the future of computing. Part 1 of a 2 Part interview. Mike is an accomplished "IT Renaissance Man". Mike is part of the OutSystems IT success story, which helps clients to become their own success stories using OutSystems low-code platform.
Published 10/01/19
Consider the "bias luggage" that comes along with your frame and the frame of the market while investing and making investment decisions.
Published 09/24/19
The landscape of value investing has changed due to the availability of information. The rapid increase in information on businesses, stocks and more is decidedly liked to technology. The information highway has changed the process of value investing.
Published 09/17/19
Value investing from Benjamin Graham to the lessons of Warren Buffet. Followed by what the picture is NOW. Review of modern day investing and how the landscape has changed and where the methodologies of these giants are still correct today and they they might not be.
Published 09/10/19
Biases are part of the cognitive architecture of the brain. We can't avoid biases but we can think analytically and put speed bumps in our way to force us to check our assumptions. Biases covered included under the umbrellas of Attention biases, Memory bias, and Knowledge bias. Visit mentalmodelspodcast.com for more insights and watch our for forthcoming book November, 2019 on Bia$:A guide to improving your financial success.
Published 09/03/19
The macro economy picture NOW (8/2019)in the US that would have a world impact. What to watch: Consumer is strong; Fed has eased, but there is an inversion of the yield curve. Mental Model Podcast discusses other factors that could indicate a recession is 22 months away and George Baxter's mental model of a possible recession. Forthcoming book: "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" AVAILABLE...November, 2019 By Dr. Daniel Krawczyk &...
Published 08/27/19
Use the mental model of reflexivity as applied by George Soros to capital markets leading to investing success. In summary, a rising stock price can reflect the fundamentals of the business which can lead to a rising stock price. More at MentalModelsPodcast.com and on twitter @ModelsFinance. As always thank you for listening and please follow, subscribe and like the podcast - it matters! Forthcoming book: "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" ...
Published 08/20/19
Helpful to have a schema or picture of how the economy works so you don't overreact to news reports such as Chinese tariffs, that might rattle the market. Further discussion of predictors of recession and investing strategies in a turbulent market. Visit Mental Models Podcast for link to video mentioned in the podcast and links to our YouTube channel. As always thank you for listening and please follow, subscribe and like the podcast - it matters!
Published 08/13/19
Is the US headed into a recession or contraction in the economy? Confirmation Bias is when we force our views upon the macro data, and there is always something there. What are indicators of a recession? Humans are excellent data processors for the short term, we need indicators to watch for. It is necessary to identify what is actionable, but macro events in the Economist Magazine for example, can obscure our perspective, due to over coverage. A better strategy would be to step back and...
Published 08/06/19
Understand your mental model, and develop a competitive advantage of investing strategies, and learn the brain science behind the knowledge illusion. Like a 'prosthetic for your brain' extra knowledge can appear to expand your horizons, but beware it maybe an illusion. https://www.mentalmodelspodcast.com "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" AVAILABLE...Fall, 2019 Authored by Dr. Daniel Krawczyk & George Baxter, JD, CFA Publisher...
Published 07/30/19