Listen "The Mirror We Don’t Like to Look In"
Episode Synopsis
This week's blogpost - https://bahnsen.co/46XjbC4
Join Blaine Carver and special guest Darren Lightfoot, as they discuss key investment philosophies, inherent biases, and the importance of challenging your own viewpoints. In this episode, they explore confirmation bias, recency bias, and the danger of herd mentality in investment decisions. They also emphasize the need for a disciplined investment strategy, the benefits of occasional check-ins, and learning from past decisions. This insightful episode provides practical advice for individual investors and highlights the value of having a detailed investment plan and accountability.
00:00 Introduction and Welcome
00:22 The Mirror: A Humorous Marriage Story
01:54 Investment Committee Insights from New York
02:49 Understanding and Challenging Biases
05:23 Confirmation Bias: The Optimistic Vikings Fan
11:58 Recency Bias: Lessons from Seattle
16:10 Herd Mentality and FOMO in Investing
18:31 The Importance of Self-Reflection and Game Film
26:18 Final Thoughts and Practical Advice
29:33 Podcast Conclusion and Disclaimers
Links mentioned in this episode:
http://thoughtsonmoney.com
http://thebahnsengroup.com
Join Blaine Carver and special guest Darren Lightfoot, as they discuss key investment philosophies, inherent biases, and the importance of challenging your own viewpoints. In this episode, they explore confirmation bias, recency bias, and the danger of herd mentality in investment decisions. They also emphasize the need for a disciplined investment strategy, the benefits of occasional check-ins, and learning from past decisions. This insightful episode provides practical advice for individual investors and highlights the value of having a detailed investment plan and accountability.
00:00 Introduction and Welcome
00:22 The Mirror: A Humorous Marriage Story
01:54 Investment Committee Insights from New York
02:49 Understanding and Challenging Biases
05:23 Confirmation Bias: The Optimistic Vikings Fan
11:58 Recency Bias: Lessons from Seattle
16:10 Herd Mentality and FOMO in Investing
18:31 The Importance of Self-Reflection and Game Film
26:18 Final Thoughts and Practical Advice
29:33 Podcast Conclusion and Disclaimers
Links mentioned in this episode:
http://thoughtsonmoney.com
http://thebahnsengroup.com
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