Investment Process V: Post mortem: #40
Listen now
“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon (copy and paste). This podcast is fifth in the investment process series. It is the planning up from the matters. #1 tip to avoid pain is to use stop loss techniques! -BUY BOOK “Understanding Behavioral BIA$” | Behavioral finance advice and solutions. #mentalModels 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 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! #UnderstandingBehavioralBias Visit for upcoming talks and show notes. SOLD OUT Talk on Money and Your Brain: How Cognitive Biases Impact Investing with Dr. Daniel Krawczyk and George Baxter, JD, CFA. 01/23/2020 06:30 PM - 08:00 PM Cognitive biases are often a result of your brain's attempt to simplify information processing. They are rules of thumb that help you make sense of the world and reach decisions with relative speed. Unfortunately, these biases sometimes trip us up, leading to poor decisions and bad judgments. A neuroscientist and a hedge fund manager will look behind the curtain of your conscious mind and take a deep dive into cognitive biases that impact your financial success. Together they will identify strategies to slow you down so you avoid unnecessary risk and make better decisions.  Read more about this topic in Dr. Daniel Krawczyk & George Baxter, JD, CFA latest book “Understanding Behavioral Bia$: A Guide to Financial Decision Making”. Sponsored By: Bank of Texas Where & When Brain Performance Institute 2200 W Mockingbird Lane Dallas, TX 75235
More Episodes
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...
Published 02/19/20
Be the courageous investor! Fear linked to 3 things: 1: To little information 2: Potential Threat 3: Helplessness Investing is linked to 2 things: 1: Fear 2: Greed The Salience Bias is linked to fear and uncertainty and your primal brain functions in your amygdala. There are 2 types of...
Published 02/11/20
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...
Published 01/29/20