
TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter explores how human biases impact investment choices, including overconfidence and recency bias. It highlights the importance of recognizing the distinction between skill and luck in investing, advocating for a cautious and humble approach to investment strategies.
IN THIS EPISODE, YOU'LL LEARN:
- 01:49 - Overconfidence
- 08:43 - Anchoring
- 11:18 - Endowment Effect
- 24:25 - Base-rate neglect and Recency bias
- 33:01 - Social Proof
- 48:30 - Scarcity
- And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Silver Ring Value Partners Website.
- Behavioral Value Investor Blog.
- Gary Mishuris Youtube.
- Trey Lockerbie Twitter.
- Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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