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

Mental Models: Holiday Message 2019 and Behavioral Bia$: #37

There won't be any regular episodes of Mental Models Podcast as we take a holiday break. Regular service will resume the first full week in January 2020. In the meantime, enjoy a holiday message and we have recapped a popular podcast on Behavioral Bia$. Join Dan and George at the Center for BrainHealth, Dallas, TX on 1/23/20 as they discuss “Money and your Brain: How Cognitive Biases Impact Investing” based on their book "Understanding Behavioral Bia$" link below. Thanks to everyone for listening and we wish you and yours a happy and healthy 2020! BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #mentalModels This book will help you overcome the biases that are keeping you from investment success! Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast. Published by Business Expert Press Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE Do you want strategies to make better financial decisions? Do you need a translational guide to Thinking Fast and Slow? Do you want to be a better investor and earn more money? If you said yes to any or all of the above questions then this book is for you! #UnderstandingBehavioralBias Join Dan and George at the Center for BrainHealth as they discuss “Money and your Brain: How Cognitive Biases Impact Investing” on 1-23-20 @6:30pm link: https://brainperformanceinstitute.force.com/BPI/evt__QuickEvent?id=a233u0000008KvU Sips & Science Money and Your Brain: How Cognitive Biases Impact Investing with Dr. Daniel Krawczyk and George Baxter, JD, CFA Cognitive biases are often a result of your brain's attempt to simplify information processing. They are rules of thumb that help you make sense of the world and reach decisions with relative speed. Unfortunately, these biases sometimes trip us up, leading to poor decisions and bad judgments. A neuroscientist and a hedge fund manager will look behind the curtain of your conscious mind and take a deep dive into cognitive biases that impact your financial success. Together they will identify strategies to slow you down so you avoid unnecessary risk and make better decisions.  Read more about this topic in Dr. Daniel Krawczyk & George Baxter, JD, CFA latest book “Understanding Behavioral Bia$: A Guide to Financial Decision Making”. Sponsored By: Bank of Texas Where & When Brain Performance Institute 2200 W Mockingbird Lane Dallas, TX 75235 Visit mentalmodelspodcast.com for upcoming talks and show notes.

Investment Process IV: Analysis and Execution: #36

“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste). Fourth in the series on the investment process - with top fund manager tips of the steps of analysis and execution. Biases to be aware of are recency bias also at minute 6:58 base rate neglect - which is also discussed in podcast #28 on Bill Gates brain. Min. 12:30 Group think biases are discussed with remedies. Min. 1645 research has value - don’t buy the sock just because you did the research. Discussion includes: Sunk cost bias Memory based bias - availability bias Attention and optimism bias EXECUTION of the Investment process Curse of Knowledge BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice Visit mentalmodelspodcast.com for more insights. This book will help you overcome the biases that are keeping you from investment success! Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast. Published by Business Expert Press Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE Do you want strategies to make better financial decisions? Do you need a translational guide to Thinking Fast and Slow? Do you want to be a better investor and earn more money? If you said yes to any or all of the above questions then this book is for you! #understandingBehavioralbias

Investment Process III: Fundamental Research: #35

Follow along with our book “Understanding Behavioral Bia$” by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste). Electronic version and paperback. The purpose of fundamental research during the investment process is to understand the cooperative position of the business/stock and devise the value of the business of its ability to generate free cash flow now or in to the future. Create a predictive model of what you think the development of the fundamental aspects of the business will lead to from an operational stand point. How will Wall Street and other investors view the stock as these developments come to life. Minute 16:00: discussion of vaping stocks, industry and government oversight. Shad Row of Dallas. http://frtv.org/panelists-experts/expert-pages/frederick-e-“shad”-rowe/ https://www.craigwealthadvisors.com/blog/shad-rowe

Mental Models: Understanding Behavioral Bia$: #34

Book review and origin story of "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making”. This book is a great tool to improve your investing skills. This is not a list of biases, but a guide that provides best practices to overcome biases when investing. Remedies to each bias are included. Learn about these biases and be able to capitalize off of the biases of other investors. Also, included is a summary of the investment process used in a successful hedge fund. Unlike other behavioral finance books, "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making” is a guide from the research side and the practitioners side. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste)

Investment Process II: Idea Vetting: #33

Idea vetting is the second step in the Investment Process - how to improve your process and what Biases are keeping your from your financial and investing goals. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels More information at https://www.mentalmodelspodcast.com