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Market Panics, Meniscus, and Loss Aversion
Manage episode 432816183 series 3517499
Paul Kedrosky / Howard Luks, Paul Kedrosky, and Howard Luks에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Paul Kedrosky / Howard Luks, Paul Kedrosky, and Howard Luks 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.
In this abridged episode, Paul and Howard discuss the widespread panic arising from a minor market downturn and the mass attempts to sell investments, resulting in crashes for services like Vanguard and Schwab. They explore the human tendency to overreact, seek out explanations, and fail to trust in their preparation and processes. The conversation covers the parallels between financial markets, fitness routines, and the importance of patience, while highlighting the pitfalls of reactionary behavior and hedging bets. They also touch on the broader problem of loss aversion and the psychological need to feel part of significant events or movements.
00:00 Introduction and Unexpected Tweet
00:39 Market Panic and Human Behavior
02:34 The Importance of Preparation
04:08 Financial Lessons and Long-Term Thinking
08:03 Trusting the Process
11:02 Hedging Bets and Human Instincts
14:54 The Search for Explanations
17:09 Final Thoughts
Premium subscribers get access to the complete episode, as well as a full transcript.
47 에피소드
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