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TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris

May 13, 2022

Gary Mishuris, managing partner and chief investment officer of Silver Ring Value Partners, dives into the fascinating world of behavioral finance. He unpacks the pitfalls of overconfidence and anchoring, shedding light on how biases like the endowment effect and social proof can skew investment decisions. Mishuris emphasizes the importance of questioning assumptions within investment teams and highlights the dangers of scarcity bias, especially in trendy markets like NFTs. Get ready for key strategies to outsmart cognitive traps in investing!

01:01:59

Episode guests

Gary Mishuris

Highlights

AI Chapters

Episode notes

Seek Independent Business Outcomes for Diversification

02:15

Base Rate Neglect Bias in Decision Making

01:16

Belief Shapes Markets

00:45

Intro

6min

Navigating Growth Investing Challenges

6min

Challenging Assumptions in Investment Teams

9min

Understanding Biases in Investing

20min

Navigating Social Proof in Investing

6min

Understanding Scarcity Bias in Investment

19min

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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