E72: Mastering the Psychology of Investing

🧠 Investor Psychology Deep Dive - Investing isn't just numbers, it's a mental game. We explore the emotional biases, fears, and psychological traps investors face in volatile markets, with special guest and psychotherapist Zoë Ross

🐵 Taming Your Inner Chimp - Learn how to manage emotional impulses and anxiety in investment decisions, using practical insights from "The Chimp Paradox" by Steve Peters. (Monkeys are still cool, though 🍌)

📉 Navigating Market Volatility with Emotional Discipline - Discover why emotional discipline is crucial when facing uncertainty, trade wars, or market corrections, and how experienced investors turn chaos into opportunity

💡 Overcoming Cognitive Distortions - Zoe sheds light on common cognitive distortions such as "all-or-nothing" thinking, catastrophizing, and "should" statements, offering techniques to combat these investment pitfalls

😌 Mindfulness and Emotional Regulation - mindfulness practices to boost self-awareness, manage stress, and enhance decision-making, guiding investors to respond thoughtfully rather than react impulsively

⚖ Risk Management and Gender Differences - risk tolerance differences between genders, strategies for developing comfort with risk, and insights into managing loss aversion

🌴 Thank You for Supporting Wall Street Wildlife on https://www.patreon.com/wallstreetwildlife

💵 Your support helps us continue bringing insightful episodes and valuable investing wisdom

You can find more from Zoë Ross at zoeross.com.

Segments:

00:00 Introduction to Emotional Investing

02:14 Welcome to Wall Street Wildlife

03:05 Guest Introduction: Zoë Ross

04:08 Understanding Investor Psychology

07:28 The Chimp Paradox and Emotional Management

17:30 Cognitive Distortions in Investing

27:11 Mindfulness and Emotional Regulation

36:32 Exploring Emotions in Investing

38:50 Gender Differences in Risk-Taking

42:26 The Importance of a Beginner's Mind

47:20 The Value of Starting Small

54:18 Managing Emotions and Patterns

55:33 Communicating and Aligning Values

57:57 The Benefits of Having a Plan

01:03:57 Resources for Mindful Investing

01:05:29 Conclusion and Final Thoughts

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