Mental Models Podcast It's not a brain in a jar, that's the gist!

Mental Models: Stock Winners and Losers heading into 2021: #67

COVID-19 has created an unprecedented impact on the stock market. There have been clear wining and losing stocks in 2020, where will these stock go in 2021? We review the uncharted stock market ahead, stocks to consider travel, #RV, #technologies, & #paper products. So much more to think about with the change that the vaccines for COVID_19 will bring - #hope for a healthier economy. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast to avoid the biases that are keeping you from making a profit in the market. Stay safe and healthy out there!

Mental Models: Political Theater, Psychology and Stock Market predictions for 2021: #66

Analogies help when we are faced with new challenges. Current events matter for the stock market, let’s frame these current events in relationship to historical perspective of the 2016 election and the impact of the market. ‘Political theater’ impacts the stock market, with the unknowns of the last 4 years and the uncertainty of the control of the senate for 2021. The. Market is a forward looking mechanism and what is the market thinking about the future, in terms of the most positive and most negative outcomes. In reality even if you know the outcome, you don’t know the response that the market will take. In six to 12 months there will be an economic recovery as the vaccine is distributed, the market will continue to watch . Currently, There is a great deal of bullishness and optimism. As the year ends that pattern will continue into 2021. Our next podcast #66 will focus on the stocks and industries that are the winners and losers of 2020, going into 2021 due to the COVID-19 effect. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast to avoid the biases that are keeping you from making a profit in the market. Stay safe and healthy out there!

Mental Models: Streaking Star Effect or Bias: #65

A talent that you have, but will it last, unlikely! We all want that superior money earning performance to continue, and we enjoy the success of an individual over a team (Jessie Walker and Tom Gilovitch reported on it in 2020, links below). Because we like narratives and we want to be the hero of our story, just like Kolby Bryant or LeBron James were for the Lakers. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there! Links: Walker & Gilovich (2020) Journal of Personality and Social Psychology https://doi.apa.org/doiLanding?doi=10.1037%2Fpspa0000256 More on Streaking Star effect in Science Daily https://www.sciencedaily.com/releases/2020/08/200831094719.htm

Mental Models: Mistique behind Winning Streak, Hot Hand Effect: #64

Hot hand effect is the mystic behind your winning streak, despite all of your theorizing. There are many factors that explain the wins in the stock market, but the hot hand effect/bias is one to consider. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there!

Mental Models: Changes to Economic Landscape: #63

Moving parts of the current economy has been influenced by the pandemic. This is an unprecedented time and reflects a poor experimental design. What is changing and what is holding steady, if anything? The government continues to print money, but has delayed another stimulus package. At one end the economy is being squeezed, (leisure and travel) and at the other end expanded, (home goods and home improvements). 2020 is about trying something new and innovative as we continue to adjust to the rise and fall of the impact by COVID-19 and the individual states response in opening and closing of society. We have to consider multiple possible futures, so acting with certainty on anything is difficult! Recommended to play both ends, products that are strong now, and others that will be sure to come back, such as concerts. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there!