How to Enhance Investor Discipline by Being Lazy

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 17 May 2019

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

It seems like an silly concept, but Extreme Value Editor describes how you can develop “Olympic athlete” level discipline by being lazy. Our special guest, behavioral finance expert Dr. Daniel Crosby, discusses the reasons why emotions can make investing difficult.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.
0:16.6	Sign up for the free show archive at Investor Hour.com.
0:20.2	Here is your host, Dan Ferris.
0:22.9	Hello and welcome everyone to another episode of the Stansbury Investor Hour.
0:27.3	I am your host, Dan Ferris.
0:29.6	I'm also the editor of Extreme Value, a Value Investing Service, published by Stansberry Research.
0:35.2	We have a really interesting show today.
0:36.9	I kind of tried to make a little theme here between the rant and the guest, who is really
0:45.7	a cool, cool guy, Daniel Crosby.
0:47.5	We'll talk with him later.
0:49.5	So let's get started with the rant.
0:52.8	Okay.
0:54.0	This week, I'm going to give you one of my little pet theories.
0:56.7	Actually, it's not a theory. That's one of the things I learned in the past couple weeks.
1:00.1	The difference between models and theories. So mine is a model. And my little model is about the
1:08.5	dominant emotion in the stock market.
1:11.6	So, and it's probably really the dominant emotion at extremes, highs and extreme lows.
1:17.6	And I'm giving this to you, it's kind of, like I said, it's a pet theory or pet model of mine,
1:22.6	because it's different from what you normally hear, okay? So first of all, I said models are different from theories.
1:31.5	There's a really good book I'm reading. Actually, I'm like literally two pages from the end. I stopped just two or three pages for the end yesterday afternoon.
1:40.0	It's called Models Behaving Badly by Emanuel Dermann. It's like 200 pages.
	...

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