The book is about how people can confuse investing with clation. What are some of the tell tale signs we can look for as investors to quickly figure out if something, you know, is truly an investment or is purely specula? One of the biases that every human falls for is sensation seeking. How do we either identify it in ourselves or or athwart it once we realize it? Part of the book is to be honest with yourself. Go through read about tobiases in a non threatening way.
IN THIS EPISODE, YOU’LL LEARN:
05:03 - How we can avoid using our emotions to make investments in the stock market.
09:08 - How to think about risk in your portfolio.
11:29 - What the disposition effect is and why you might want to think twice before selling your winners.
25:39 - Some of Scott’s biggest lessons from the rise and fall of the 1999 Tech Bubble.
30:45 - What biases investors should be most aware of.
30:45 - How recency bias leads investors to overpay for a company.
32:21 - How we as investors can act rationally during a financial crisis.
43:10 - Scott’s recommendation for how to invest in today’s market.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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