Prof G Markets Your Brain is the Worst Investor in the Room — ft. Scott Nations
110 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.
AI Snips
Chapters
Books
Transcript
Episode notes
Evolution Makes Us Bad Investors
- Human brains evolved for survival, not modern investing decisions.
- Scott Nations says our ancient biases universally harm investment returns.
Winners Get Sold, Losers Stay
- The disposition effect makes investors sell winners and hold losers.
- Professor Terry Odean quantified the damage this behavior does to portfolios.
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.
