The emotional side of investment decision making with Jason Zweig

Jason Zweig writes The Intelligent Investor column for the Wall Street Journal and is interviewed here by Shane Parish. Lots of useful stuff, starting for me from about min 26 of the podcast onwards, here are my highlights as well as some of my own complimentary thoughts: Financial advice 1. One of the biggest distorting … Continue reading The emotional side of investment decision making with Jason Zweig

Human behavioural motivations and insights with Rory Sutherland

Here is a facinating conversation between Shane Parish of Farnam Street and Rory Sutherland, the Vice Chairman of Ogilvy & Mather Group, one of the largest advertising companies in the world. Rory started the behavioral¬†insights team at OM and spends his days applying behavioral economics and evolutionary¬†psychology to solve problems for their clients. The conversation … Continue reading Human behavioural motivations and insights with Rory Sutherland

Ask “why?” five times…. Proximate causes vs root causes, Narrative fallacy and Mental Models

Great post for people in the investment field: Farnham Street is an amazing blog dedicated to discussing mental models and they do a great job of explaining the challenges of proximate vs root causes and how to deal with the deductive problems that can occur when we jump to conclusions too quickly. https://www.farnamstreetblog.com/2017/05/proximate-vs-root-causes/ In investments … Continue reading Ask “why?” five times…. Proximate causes vs root causes, Narrative fallacy and Mental Models

Improving decision making in committees

A review of decision making literature from UCL on what makes for good decisions in committees is particularly relevant for investment committees: 1. Diversity of participants (functional diversity) with different independent expertise or knowledge makes optimal decision making more likely (finding global rather than local maxima more likely with different starting points for the mathematical … Continue reading Improving decision making in committees