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Money Tree Investing

Emotional Psychology of Investing

Money Tree Investing

Money Tree Investing Podcast

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

4.6658 Ratings

🗓️ 2 September 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

This week we interview psychologist, Stanley Teitelbaum about the emotional psychology of investing. We discuss cognitive bias, blind spots, the greed & fear cycle, following the herd, cutting losses, looking for the guru syndrome as well as his own odyssey with investing.

For more information, visit the show notes at https://moneytreepodcast.com/emotional-psychology-of-investing-stanley-teitelbaum

Today's Panelists:

 

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Transcript

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0:00.0

Welcome to the Money Tree Investing Podcast.

0:04.7

Stock market, wealth, personal finance, value stocks, invest in your life.

0:11.2

Hello, the Smart Money Tree podcast listeners.

0:13.3

Welcome to this week's show.

0:14.6

My name's Kirk Chisholm and I will be your host.

0:17.3

So today we're talking with Stan title bomb.

0:19.5

Hey, Stan, how's it going?

0:22.6

I'm doing fine, Kirk. Thank you.

0:27.5

Thank you for reaching out to me for an interview, which might be a little out of the mainstream of the interviews you usually do. I really appreciate you having on the show. And before we kind of dive

0:32.8

in, Stan's topic is very apt for what's going on in the world and we really wanted to dive in.

0:37.8

But before I get into that, Stan, tell us a little bit about your background.

0:41.1

I'm a clinical psychologist. I got my PhD a number of years ago. Over the years, many of my clients

0:48.1

came to me because of their errors in judgment or poor decisions that were affecting their personal relationships. And in addition to

0:57.2

that, it also seemed to happen with many clients who were concerned about stock market investments

1:04.0

and why they weren't doing better in that realm of their lives. And what were the factors that were

1:09.9

penalizing them from being more

1:11.9

successful. The other factor, which was also very meaningful for me in bringing me to this

1:18.4

junction, was examining my own history in stock market investing, which included a lot of

1:25.8

underperformance and errors of judgment and blind spots.

1:30.1

There's a lot of things when you get into psychology. Investing is primarily psychology, right?

1:35.9

Yes, you have to do the hard work, but there's so much of it that psychology. In your experience,

1:40.3

what are some of the psychological issues that come up when it most commonly affect investors?

...

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