RWH004: Intelligent Investing w/ Jason Zweig
We Study Billionaires - The Investor’s Podcast Network
Neuroeconomics and Investment Behavior
This chapter explores the intersection of neuroscience and finance, illustrating how our unconscious mind influences financial decisions through a revealing MRI experiment. It also emphasizes the importance of structured investing practices, such as 'investing hygiene,' to mitigate emotional biases in decision-making.
IN THIS EPISODE, YOU’LL LEARN:
- 00:02:27 - What Jason Zweig learned from his father, the wisest person he’s ever known.
- 00:20:31 - Why investors shouldn’t trust what brokers and financial advisers are selling them.
- 00:36:34 - How success is shaped by weird moments of random chance as well as skill.
- 00:38:54 - What Warren Buffett said when Jason asked him, “Do you think you’re a genius?”
- 00:59:41 - Why Benjamin Graham was obsessed with the overwhelming importance of survival.
- 01:15:13 - Why investors need rules, policies, and procedures to drive their decision-making.
- 01:25:59 - Why investing is, above all, a head game in which the secret of success is self-control.
- 01:28:57 - What Jason learned while working with Nobel Prize-winning genius Daniel Kahneman.
- 01:37:26 - Why investors should be optimistic, humble, and intensely wary of overconfidence.
- 01:43:18 - How Jason thinks about the perils and promise of disruptive technologies like Bitcoin.
- 01:52:49 - How money can (and cannot) buy you happiness.
- 01:57:58 - Why he’s inspired by the simple motto “I did the best I could.”
*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.
- Benjamin Graham’s The Intelligent Investor, revised and updated by Jason Zweig.
- Jason Zweig’s book on neuroeconomics, Your Money and Your Brain.
- Jason Zweig’s satirical survival guide to Wall Street, The Devil’s Financial Dictionary.
- Jason Zweig’s website.
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book
- William Green interviews Joel Greenblatt on RWH003: How to Win The Investing Game.
- William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.
- William Green interviews Tony Robbins on RWH001: The Life Force Revolution.
- William Green interviews Ray Dalio on WSB410: The Changing World Order.
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