How will countries around the world cope with persistent inflation and high borrowing costs? Are central bankers helping to abate the cost-of-living crisis or are they moving us all closer to recession? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected ...
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Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Mental Models: EV Bubble Bursting: #71
Manage episode 287601786 series 2503320
Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
The Electric Vehicle (EV) Bubble is rising and appears to be starting to burst. Issuances continue to pick up. The entire basket of EV stocks that we discussed in Episode #68 of Mental Models Podcast is now DOWN 42 % (at the time of this recording). The market will fluctuate and we will likely experience a surge with the approval of the US government stimulus. At this point it’s fair to declare the EV bubble BURST! Observing the current market is analogous to being a sea captain in the 1700’s. One has to wonder whether there is really land up ahead, or is it an illusion? What type of winds are about to blow in? In early 2021 It is like being in an El Nino year in the 1700’s, and everything is shrouded in mist. There are many unknowns, and a matter of waiting to see what is coming. We focus on what cognitive biases can tell us about investing. People may become more tolerant of risk when they use their stimulus checks to invest in the stock market, because this feels like found money. When you didn’t directly earn money, you have less personal attachment to it, which makes it easier to lose and enhances the tendency to take risks. By contrast, when the stock is declining, loss aversion can take over. This occurs when an individual refuses to sell because they do not want to feel foolish, or have to reverse themselves publicly. Experience in watching the market has shown that when a bubble bursts, it continues to decline for the next two years. During the extended fall, prices will typically level out, and then fall again. Individuals involved in the bubble may be prone to undesirable anchoring bias as they continue to wait for the price to recover to a previous level and then sell. You are not alone if you experience this happening to you! The 2021 "Alice in Wonderland Market" with all of its twists, turns and volatility will continue. Keep you eyes on the horizon, there is no easy fix! Don’t fall down the rabbit hole of cognitive biases along the way. Links Play and Understand Stock Market Bubbles: #68 https://podcasts.apple.com/us/podcast/mental-models-play-and-understand-stock-market-bubbles-68/id1458795155?i=1000505145809 #EV #electricVehicle #StockMarketBubble #EVBubble #Mentalmodelspodcast #cognitiveibias
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72 에피소드
Mental Models: EV Bubble Bursting: #71
Mental Models Podcast It's not a brain in a jar, that's the gist!
Manage episode 287601786 series 2503320
Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Mental Models Podcast | Behavioral Finance, Dr. Daniel Krawczyk, George Baxter, JD, and CFA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
The Electric Vehicle (EV) Bubble is rising and appears to be starting to burst. Issuances continue to pick up. The entire basket of EV stocks that we discussed in Episode #68 of Mental Models Podcast is now DOWN 42 % (at the time of this recording). The market will fluctuate and we will likely experience a surge with the approval of the US government stimulus. At this point it’s fair to declare the EV bubble BURST! Observing the current market is analogous to being a sea captain in the 1700’s. One has to wonder whether there is really land up ahead, or is it an illusion? What type of winds are about to blow in? In early 2021 It is like being in an El Nino year in the 1700’s, and everything is shrouded in mist. There are many unknowns, and a matter of waiting to see what is coming. We focus on what cognitive biases can tell us about investing. People may become more tolerant of risk when they use their stimulus checks to invest in the stock market, because this feels like found money. When you didn’t directly earn money, you have less personal attachment to it, which makes it easier to lose and enhances the tendency to take risks. By contrast, when the stock is declining, loss aversion can take over. This occurs when an individual refuses to sell because they do not want to feel foolish, or have to reverse themselves publicly. Experience in watching the market has shown that when a bubble bursts, it continues to decline for the next two years. During the extended fall, prices will typically level out, and then fall again. Individuals involved in the bubble may be prone to undesirable anchoring bias as they continue to wait for the price to recover to a previous level and then sell. You are not alone if you experience this happening to you! The 2021 "Alice in Wonderland Market" with all of its twists, turns and volatility will continue. Keep you eyes on the horizon, there is no easy fix! Don’t fall down the rabbit hole of cognitive biases along the way. Links Play and Understand Stock Market Bubbles: #68 https://podcasts.apple.com/us/podcast/mental-models-play-and-understand-stock-market-bubbles-68/id1458795155?i=1000505145809 #EV #electricVehicle #StockMarketBubble #EVBubble #Mentalmodelspodcast #cognitiveibias
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72 에피소드
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