Behavioural Finance

If you’re hoping I’m going to tell you how to successfully pick winning stocks, you might as well shift your attention elsewhere. Instead, I’m going to show you the evidence on just how risky it is to even try.

This is Episode 24 of the Rational Reminder podcast, with Cameron Passmore and Benjamin Felix.

This is Episode 22 of the Rational Reminder Podcast, with Cameron Passmore, Benjamin Felix and very special guest, Shopify co-founder Daniel Weinand.

This is episode 20 of the Rational Reminder podcast with Cameron Passmore and Benjamin Felix.

This is episode 19 of the Rational Reminder Podcast, with Cameron Passmore, Benjamin Felix and very special guest Shane Parrish.

The Myth: Everyone is piling into ETFs, and that makes stock markets less efficient. The argument: The more people invest through indexes and ETFs, the fewer people there are scrutinizing the fundamentals of stock prices to figure out if individual stocks are cheap or expensive. That must make it easier to pick stocks, right?

This is Episode 11 of the Rational Reminder Podcast with Cameron Passmore, Benjamin Felix and special guest Robb Engen of the Boomer and Echo blog.

Many of the reflexes that we innately have were very helpful when we were faced with predators in the stone age like saber-toothed tigers. But it turns out that evolution hasn’t prepared us well for facing the market economy.

It looks like once again, investing in commodities is in the news. Let me relate my encounters with commodity traders.

This discussion begins in 1906, at the Plymouth County Fair in England. Sir Francis Galton walks by a contest, where participants are asked to guess the weight of an ox. There are over 800 guesses; some from butchers and farmers, and many more from men and women with no expertise to inform their guesses.