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The Greatness Machine

55 | Chris Schelling | The Psychology of Investing

The Greatness Machine

Darius Mirshahzadeh

Education, Entrepreneurship, Business

5.0 • 135 Ratings

🗓️ 26 October 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary

How do you make your investment choices? What philosophies or beliefs do you rely on to select a suitable investment? Everyone seems to have their own way of determining the answer to those questions, and today's guest is here to provide his own insights! In today's episode of The Greatness Machine, Darius chats with Christopher M. Schelling, an educator, Director of Alternative Investments for Venturi Private Wealth, and the author of "Better Than Alpha." He holds degrees in psychology, business, and finance and is an expert at incorporating insights from behavioral finance into investment decision-making.  You'll learn how Chris made his way into the world of finance after receiving a degree in psychology, as well as a primer on the various philosophies people use to choose funds. You'll discover the differences between stocks and "alternative" investments (hedge funds, private equity, private real estate, etc.) You'll also learn about the ins and outs of private equities. Join Darius and Chris as they discuss everything you need to know about investing, stocks, funds, and so much more! Enjoy! What You’ll Learn in this Show: A little of Chris' background and the different philosophies that go into investing in funds. Stock market investments vs. alternative investments. The ins and outs of private and public equities. And so much more... Resources: Chris' LinkedIn Better than Alpha book The Real Darius Darius Class Website Facebook Instagram YouTube Twitter LinkedIn This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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Super common for everybody to hate drawdowns in markets. I mean, loss aversion is a very powerful psychological phenomenon and people have a tendency to sell at the bottom.

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