In the second chapter o of the book, you walk through some of the things that were happening during the tech bubble. I was personally fascinated with how people would become emotionally attached to these companies and their founders. Back then it was the early days of apple, microsopt and google. And it reminds me of how people view elon musk to day. People swear by their teslas. They love the technology. So if you want to buy tessla stock because you want to be a little bit closer to elon? Well, that's not a very good reason be buying the stock, you now.
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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