Bullshift: How Optimism Bias Threatens Your Finances Audiobook by John J. De Goey

23/01/2024 6h 53min
Bullshift: How Optimism Bias Threatens Your Finances Audiobook by John J. De Goey

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Episode Synopsis

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ID: 734089

Title: Bullshift: How Optimism Bias Threatens Your Finances

Author: John J. De Goey

Narrator: Justin Price

Format: Unabridged

Length: 06:53:42

Language: English

Release date: 01-23-24

Publisher: Findaway Voices

Genres: Business & Economics, Personal Finance, Accounting & Finance

Summary:

Does your financial adviser tell you to hold on and never sell? That markets recover in the long run? Does your adviser seem to always have an optimistic disposition? Do they tell you not to worry, no matter what is going on in the outside world? In Bullshift, John J. De Goey explores the hidden relationship between bias and financial markets. He makes clear that investors and financial advisers are not the rational decision makers that economic theory assumes them to be, and that tried and true investment advice is not always sound. De Goey shows that advisers are immersed in a culture of Bullshift they simply dont realize how their positive outlook on markets is based on industry-wide groupthink. Unfortunately, this problem affects much more than just your own investment portfolio. After three years of an international pandemic, the full economic impact of the response to it still hasnt been felt. Theres more pain coming, but the financial industrys eternal optimism, abetted by government policies designed to consistently encourage growth and avoid tough choices, is walking us toward a cliff for the global economy.

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