This chapter explores the concept of all else equal decision making mistakes in business, using examples such as price increases and consumer behavior. It also discusses the importance of considering various factors in basketball, investing, and the potential limitations of focusing on single metrics.
Here at the Motley Fool, we like our individual stocks. But – what if we’re wrong?
Jonathan Berk is a professor of finance at the Stanford Graduate School of Business and co-host of the podcast “All Else Equal: Making Better Decisions.” Ricky Mulvey caught up with Berk to discuss – and debate – the merits of individual stock investing. They also talk about:
- The ripple effects of decision-making,
- Whether short-term investing deserves its bad reputation,
- And the time horizon needed to differentiate between luck and skill.
Tickers discussed: CMG, NFLX, NVDA, MCD
Host: Ricky Mulvey
Guest: Jonathan Berk
Producer: Mary Long
Engineer: Rick Engdahl
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