
TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
We Study Billionaires - The Investor’s Podcast Network
Belief Shapes Markets
Belief often replaces analysis for many market participants, leading to a self-fulfilling prophecy in markets. The example of GameStop showcases how people's beliefs can impact market trends, with the potential to inflate or burst stock market bubbles based on collective belief.
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.
SPONSORS
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