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

Investment Process I: Idea Generation: #32

Investment Process new series (3 parts) from Mental Models Podcast. Talking you through each step of the investment process, starting with idea generation and associated biases. Watch out for episodes II and III of the Investment Process. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels More information at https://www.mentalmodelspodcast.com NEW BOOK "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" Available on Amazon NOW http://amzn.to/2XHtsOE Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com Be sure to listen to Mental Models: Group Think Part 1 and Mental Models: Group Think Part 2 for biases when borrowing an idea and how to manage and or avoid the bias pitfalls. https://www.mentalmodelspodcast.com.

Mental Models: Benefits of Behavioral Bias: #31

Biases can come about and trip up your investing decisions when your moving to fast. Incorporate speed bumps into your process, such as a check list. Have a coffee (or a scotch) and think through your process! There is an upside to biases - consider the slow mode advocated by Daniel Kahneman. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com

Mental Models: Peaking Investors Curiosity: #30

In the investing world some very distinctive feature are alerting you to a particular opportunity or something to be concerned about - Peaking your Curiosity. Base Rate Neglect Bias: Try to think in probabilities when ever possible, because there are so many statistics out there. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com

Mental Models: Passive or Active Management: #29

Passive index funds (ex. S & P 500 can be over performed if an edge can be found. Ways to avoid bias in active and passive management. Episode #29 is discussed in our new book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making", specifically Chapter 8. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com This podcast is a listener requested topic - Thank you Waco of Dallas for your question and support. What are you interested in hearing about? Fill out this form - Thank You! https://www.mentalmodelspodcast.com/questions-you-want-answered-tell-us

Mental Models: "Inside Bill's Brain: Decoding Bill Gates": #28

A discussion of Bill Gate's mental models as observed in the 3 part documentary series on Netflix: "Inside Bill's Brain: Decoding Bill Gates". Bill Gates mental process protects him from a variety of cognitive biases, such as base rate neglect. Other biases discussed in relation to Bill Gates mental process include survivor bias, Illusion of control, and overconfidence. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice and solutions. More information at https://www.mentalmodelspodcast.com Visit mentalmodelspodcast.com for more insights. Dr Daniel Krawczyk @TEDxUTD (10/21/19)- Brain Science for Investment Decisions. Video available soon!