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Motivated Reasoning
"We often go looking for reasons why i'm going to get rich by buying crypta, right? And i block out, or re interpret all the reasons that are out there," he says. "And when you add in the research on how unreliable our memories are, it's a perfect storm."
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/117-jim-debrief
----- Jim O’Shaughnessy is a Wall Street legend and the Founder, Chairman, and Co-CIO of O’Shaughnessy Asset Management, which has over $6 billion in assets under management.
Tap in for timeless investing wisdom to last in crypto for the long-haul. We like playing long-term games, and Jim has decades of investing experience. He’s also a lot of fun to listen to.
Since Jim fell into the world of investing, how has the game changed? What’s stayed the same? And most importantly, what does the crypto investor need to know about staying ahead of the curve?
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------ Topics Covered:
0:00 Intro 5:45 Jim O’Shaughnessy 11:30 The investing zeitgeist 17:15 How has the narrative changed? 29:28 Are fundamentals dead? 41:08 Picking the right one 54:44 Investing hacks 1:08:10 The age of social media 1:15:00 Anchoring the crypto space 1:22:08 Psychological hacks 1:29:45 Knowing when to sell 1:36:11 Final thoughts 1:41:38 Conclusions & Disclaimers
------ Resources:
Jim O’Shaughnessy https://twitter.com/jposhaughnessy?s=20&t=h5tIizdYwRmThOJTC-03oQ Devil Takes the Hindmost https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806 Securities Analysis https://www.amazon.com/Security-Analysis-Foreword-Buffett-Editions/dp/0071592539/ref=sr_1_3?keywords=securities+analysis&qid=1651919905&s=books&sprefix=securities%2Cstripbooks%2C107&sr=1-3 The Intelligent Investor https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?crid=10L16SFDNU20V&keywords=the+individual+investor&qid=1651919926&s=books&sprefix=the+individual+investor%2Cstripbooks%2C97&sr=1-1 The Internet Contrarian https://www.osam.com/pdfs/The_Internet_Contrarian_-_4-22-99.pdf The Simpsons - Sideshow Bob Steps on Rakes https://youtu.be/aRq1Ksh-32g
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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Listen to the best highlights from the podcasts you love and dive into the full episode