In this episode, Dr. Daniel Crosby shares insights on the behavioral aspects of investing. The conversation covered a range of topics, including the trends of passive and active investing, the biases exhibited by portfolio managers, the impact of recent events like the WallStreetBets phenomenon, and the interconnectedness of personal well-being and financial decision-making. Let's delve into the key takeaways from this enlightening discussion.
We discuss the following topics:
- Passive vs. active investing: Strengths and weaknesses of both approaches.
- Biases in portfolio managers: Managers can exhibit biases they advise against.
- Rise of retail trading platforms: Gamification, easy access, and zero-cost transactions.
- Role of personal well-being: Connection between well-being and financial decisions.
- WallStreetBets phenomenon: Appeal and cautionary aspects of the movement.
- Influence of extreme states: Impact of emotional and physical states on decision-making.
- Overall insights: Understand approaches, manage biases, consider retail trading, and prioritize well-being.
More about our sponsor Fintalent.io: https://fintalent.io
You can find all episodes of The Wall Street Lab Podcast on https://thewallstreetlab.com/
Check Out these Wall Street Oasis courses:
Modeling
Elite Modeling Package: https://il130.isrefer.com/go/TWSLElite/TWSL/
LBO Modeling Course: https://il130.isrefer.com/go/TWSLLBO/TWSL/
Real Estate Modeling Course: https://il130.isrefer.com/go/TWSLRE/TWSL/
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.