Daniel Kahneman: Something Interesting Happened In The Market Today

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 17 April 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

We discuss the life of Daniel Kahneman, a pioneer in behavioral economics who challenged conventional economic thinking. His work reshaped how we view decision-making and market behavior. We also discuss investment strategies, touching on the idea of comparing assets using technical analysis to gauge opportunity costs. Understanding trends before diving into investments is key, as it helps investors make more informed decisions.

Join us for another though provoking conversation as we discuss:

Daniel Kahneman, father of behavioral economics, passed away at 90
How Kahneman's work challenged traditional economic assumptions about rationality and market efficiency
Kahneman's experiments highlighted cognitive biases in decision-making
Reflecting on Kahneman's legacy, how investors are encouraged to explore his work and its implications for decision-making
Technical analysis and emphasizing the importance of comparing assets to identify investment opportunities
The example of Apple's performance relative to the S&P 500 illustrates the concept of opportunity cost in investing
Using natural gas as an example of applying both technical and fundamental analysis to investment decisions

For more information, visit the show notes at https://moneytreepodcast.com/daniel-kahneman-599

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree podcast listeners, welcome to the show.
0:14.0	My name is Kirk Shizum.
0:15.0	I'll be your host, and today I'm joining with my good friend Doug Hagerin.
0:18.0	Hey Doug.
0:19.0	Hey, Kirk, another happy Friday to you back again to talk about
0:23.1	the most exciting thing in everybody's mind, money. Money. Yeah, happy Friday to you too, Doug. I was
0:29.7	looking at the date. It is April 12th, and I'm very happy it was on April 13th. Like, we missed it by a day.
0:36.1	That's right. We already had a solar eclipse that came
0:39.5	through earlier and that people are blaming on. By the way, I don't know if you've heard that.
0:44.5	I didn't hear that. There are people out there that are commenting about the solar eclipse and saying
0:48.3	another sign of the impending problem of global warming. Just again, you know, if we want to go down
0:53.0	a diatribe on the quality of education
0:54.9	in this world. But that being said, we don't need to deal with Friday the 13th at the same time
0:59.6	that we've got solar apocalypse coming on. That came and went. And I don't remember people disappearing
1:05.2	into the clouds. So I guess it turned out to be not quite the cataclysmic event that some people were predicting.
1:11.6	So here we are.
1:13.0	Yeah, that's great news, Doug.
1:15.9	And in other news, it's just determined that the world is now flat.
1:19.0	So we're sorry, we're not going to turn into a major media station here.
1:24.9	But seriously, like the solar eclipse, I mean, if that was on Friday 13th, we probably would have had like 50 million people out there saying the world was going to end. So we're human beings and we're crazy, the species that we are. Anyway, no,
	...

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