I am delighted to announce the launch of a new podcast, Decision Nerds. Paul Richards and I will be discussing a range of behavioural and decision-making problems with some fascinating guests.
We know that there are a lot of podcasts out there, but there is nowhere near enough focus in the investment industry on how we can make better decisions in highly uncertain environments.
Our behaviour is the most important thing, yet we don’t talk about it anywhere near enough (apart from on this blog!)
We will be exploring a range of decision-making and behavioural issues with innovators, academics and industry specialists.
In addition to these in-depth discussions, we will also be creating short episodes where we tackle listener questions and problems, and discuss the latest behavioural research. If you have an issue you would like us to cover, let me know!
In our first episode, we look at why investors can often be reticent to receive feedback on their decision making, with Clare Flynn Levy of Essentia Analytics. Clare founded a company with the express intention of helping investors become aware of their behaviour and improve it.
Put simply the quandary is this – to improve our decision-making, we need to clearly understand where we need to develop, admit that and then engage with a process that can help us. This sounds simple, but there are obvious risks as well as rewards. What if we find out we are not as good as we think we are, even worse, what if other people find out!?
Clare has been helping fund managers engage with these issues for many years, and shares some fascinating insights on the challenges around improvement and how they can be solved. There are some great thoughts and stories for anyone who wants to improve their investment decision making.
The pod is available on all your usual podcast platforms and also: here
Please leave a review and do let me know if there are topics you would like us to discuss in the future.