Prof G Markets Your Brain is the Worst Investor in the Room — ft. Scott Nations
234 snips
Jan 16, 2026 
Scott Nations, President of Nations Indexes and author of "The Anxious Investor," dives into the psychology behind poor investment choices. He discusses biases like loss aversion and herd mentality, urging listeners to adopt disciplined investment processes. Scott also critiques the rise of short-term options trading, warns of hidden leverage in private credit, and weighs in on whether we are in an AI bubble. His insights highlight the risks of emotional investing and the significance of sound strategies for the future.
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Buying Stories, Not Financials
- Investors buy stocks to feel connected to iconic founders and stories.
- Scott Nations calls these 'phantastic' objects and cites Steve Jobs and Elon Musk as examples.
Rely On A Tested Process
- Build and trust a repeatable investment process to avoid emotional mistakes.
- Scott Nations suggests improving and relying on that process over gut instinct.
Volatility Comes In Clusters
- Volatility is heteroscedastic: long quiet stretches then sudden jumps.
- Scott Nations warns a shock will raise realized and implied volatility for a while.
