interesting Interview

Earlier today I found this older post in which Morgsn Housel interviews Daniel Kahneman author of Thinking Fast and Slow very interesting and in a way disturbing, mostly because it made me think of my own,at times, poor decision making process regarding investing. It is a long transcript or video but worth the time.

Not sure how I missed it when originally published. I’m also not sure who has access to this link. If you can, view the video or read the transcript. Made me think of the old adage “Often wrong,never in doubt.” I also think Saul has mastered a method that distances him from the emotional side of investing and allows him to quickly admit to and address any “mistaken” investments.

And for you Apple fans, a quote I’d never heard from Steve Jobs is mentioned in the interview.

http://www.fool.com/investing/general/2013/06/28/an-intervie…

David

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Earlier today I found this older post in which Morgsn Housel interviews Daniel Kahneman author of Thinking Fast and Slow very interesting and in a way disturbing,

I’ve been reading Richard Thaler’s new book Misbehaving: The Making of Behavioral Economics and it’s really fascinating. Thaler worked with Kahneman on a lot of stuff. It’s an easy read, and extremely relevant to us as investors, documenting so much of our bad/irrational behavior as humans that also applies to investing.

http://www.amazon.com/Misbehaving-Behavioral-Economics-Richa…

Neil

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I’ve been reading Richard Thaler’s new book ‘Misbehaving: The Making of Behavioral Economics’ and it’s really fascinating. Thaler worked with Kahneman on a lot of stuff.

At the end of the interview recommended by CMFdrdm in which Morgan Housel interviews Daniel Kahneman, (the first psychologist to win a Nobel prize in economics), Morgan’s very last question elicits a response from Kahneman that refers to Thaler rather positively:

Morgan: Who should win the Nobel Prize this year?

Kahneman: I have a perennial candidate. I want Richard Thaler to win because I invited him to Stockholm. He has to return that invitation, and it had better be in my lifetime.

He is not only my candidate. I think he’s a good candidate.

okapimoon

David,
Thanks for that. It was very insightful.

Andy

Thaler wrote another book which is excellent - Nudge.
http://www.amazon.com/Nudge-Improving-Decisions-Health-Happi…

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