“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste).
Fourth in the series on the investment process - with top fund manager tips of the steps of analysis and execution. Biases to be aware of are recency bias also at minute 6:58 base rate neglect - which is also discussed in podcast #28 on Bill Gates brain.
Min. 12:30 Group think biases are discussed with remedies.
Min. 1645 research has value - don’t buy the sock just because you did the research.
Sunk cost bias
Memory based bias - availability bias
Attention and optimism bias
EXECUTION of the Investment process
Curse of Knowledge
BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
Selection Bias can keep us hunting for what is most present on our mind, Waldo or the new Toyota we are planning to buy. Once we have committed to a decision we will see that specific brand everywhere. We are experiencing selection bias. Our brain is guiding us to what is most present on our...
Be the courageous investor! Fear linked to 3 things:
1: To little information
2: Potential Threat
Investing is linked to 2 things:
The Salience Bias is linked to fear and uncertainty and your primal brain functions in your amygdala. There are 2 types of...
Rationalization and thesis drift is akin to wrestling with muddy pigs... it’s slippery and you will lose $$$. For investors ”thesis drift” is the tendency to rationalize bad news and come up with fresh reasons to still like a stock. Don’t accommodate your viewpoint for a group of facts that you...