Mental Models: Courageous Investor Overcomes Fear and Uncertainty: #42
Listen now
Description
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 cognition 1)hot and 2)cold. Hot cognition is primal and linked to lymbic system, while your cold cognition is your rational view. Engage your investing process and training established during cold cognition and NOT during points of fear motivated by investing or hot news cycle (i.e. hot cognition). @ 20 mins in review the Papa John Pizza stock effect - use that cold cognition and eliminate the fear! -Thank you to all who have bought our book “Understanding Behavioral Bia$” - Please write a review on Amazon http://amzn.to/2XHtsOE. The sales of the book support the Mental Models Podcast directly! Positive reviews on Amazon increase the likelihood that others will become aware if the book “Understanding Behavioral Bia$”. - 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 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! #UnderstandingBehavioralBias
More Episodes
GameStop shops mainly sold physical video games. They would also stock many resale items. The physical locations capitalized on the same type of business that comic book shops often had by selling collectibles as well. Many projected that Game Stop had a very limited future and had been cut out...
Published 03/31/21
The Electric Vehicle (EV) Bubble is rising and appears to be starting to burst. Issuances continue to pick up. The entire basket of EV stocks that we discussed in Episode #68 of Mental Models Podcast is now DOWN 42 % (at the time of this recording). The market will fluctuate and we will likely...
Published 03/17/21