Michael Mauboussin joins Andy and Kevin on this episode of the Value Perspective. Michael, a market strategist, professor and author, highlights techniques to help investors improve the quality of their decisions.
EPISODE NOTES:
1:09 Intro
2:37 What are the three most important tools an investor can have in decision making?
7:40 Tracking your decisions with precision
8:57 Do you think base rates are less usable than in the past due to mean regression?
11:44 How successfully have people integrated decision making tools into their process?
14:35 What should you capture in your 'decision journal'?
17:18 Updating your base theorems - how do balance the long and short term noise?
22:14 What does the ideal decision making environment look like?
27:20 Probabilistic thinking
31:14 What is risk?
35:09 How to overcome the fear of assigning numbers to risk
38:06 How to determine the difference between skill and luck?
44:41 The Santa Fe Institute approach
53:07 A bad decision being made over time
Book Recommendations:
Range: Why Generalists Triumph in a Specialized World by David Epstein
NEW EPISODES:
You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts and other podcast players.
GET IN TOUCH:
send us a tweet: @TheValueTeam
Important information. This podcast is for investment professionals only.
This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy.
Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider’s consent. Neither we, nor the data provider, will have any liability in connection with the third party data.
Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds.
The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall.
Past Performance is not a guide to future performance and may not be repeated.
The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.
The Value Perspective 