Clay: Investors were really over reacting during the great financial sis. How can we as investors avoid over reacting during a crisis and believe that eventually the market's going to turn around, come back to the upside? Clay lets, let's think back to two thousand and eight. At the start of the year, there were five american investment banks,. Thete was goldman, sax morgan stanley, maro lynch, leman brothers and barsterns. They went out of business, first bar sterns and then lema brothers imploded. And it would be so easy, when forty % of the us. Investment banks fail, to think it's
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.
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