In this episode, Rory speaks with Michael DiJoseph, CFA, a senior strategist at Vanguard Investment Advisory Research Center, as they dive into the intricacies of decision-making in the investment world. Listen as they discuss the concept of "Right Mindset, Wrong Market," which highlights the decision-making strategies we commonly use in everyday life but which falter when applied to investing. Our default decision-making strategies rely on factors like past performance, relative rankings, and user reviews to guide our choices. While this approach is effective for decisions such as selecting a dentist based on Yelp reviews, choosing a Michelin-starred restaurant, or picking a college based on its ranking, it doesn't translate well to the financial markets. Are you interested in understanding the psychology behind investment decisions? Want to know how to navigate the emotional rollercoaster of the financial markets? Don't miss this enlightening episode with behavioral coaching leader Michael DiJoseph!
