Worth It
104: How the Laws of Human Nature Relate to Investing
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:26:53
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Sinopse
What do children’s fables, dog memes, human nature, and investing have to do with each other? Well, you just might have to listen to the full episode to understand. In a nutshell, though, Episode 104 is all about human nature and how it can work against us when it comes to investing. Fear of the unknown and fear of failure can hold us back. And greed can lead us down some bad paths and entice us to make poor decisions that we’ll pay for later. WHAT YOU’LL LEARN [00:50] The enemy of investing [02:10] A famous quote on investing from Warren Buffett [04:22] How financial advisors temper your expectations [07:13] The roles fear and greed play in your finances [08:21] A case study on fear during the 2008 financial crisis [12:15] A quick detour into fables and fairy tales [17:24] Herd mentality and normalcy bias [20:35] How to fight fear and greed You Can’t Always Count on Your Golden Eggs We kicked off this episode with a famous quote from Warren Buffett: “Be fearful when others are greedy and greedy when other