How To Become A Successful Investor: The Power of Mental Models w/ John Jennings (TIP554)
发布时间 2023-05-20 23:45:01 来源
摘要
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Clay chats with John Jennings about his new book - The Uncertainty Solution. John Jennings is President and Chief Strategist of St. Louis Trust & Family Office, which has $12 billion dollars in assets under management.
▶️ RELATED EPISODES:
- Mental Models of Warren Buffett & Charlie Munger | Insights from The Joys of Compounding: https://youtu.be/bWaHNa89qME
IN THIS EPISODE YOU’LL LEARN:
- Why humans are hard-wired to avoid uncertainty.
- Mental models we can use to invest more intelligently.
- How humans tend to react when faced with uncertainty.
- Why we are wired to quickly come to conclusions and tend to confuse correlation with causation.
- How the improbable is much more probable than we might expect.
- Why the economy is not directly correlated with the stock market.
- Where investing falls on Michael Maubbousin’s Skill vs Luck continuum.
- How behavior biases like loss aversion and overconfidence affect our investment decisions.
- How storytelling can trick us into making poor investment decisions.
- What base rates are and understanding base rates can help us make more intelligent decisions.
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🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/mental-models-for-successful-investing-w-john-jennings/
📖 BOOK MENTIONED:
- The Uncertainty Solution by John Jennings: https://amzn.to/456m3e0
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