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Motley Fool Money

Motley Fool Money: 07.04.2014

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 3 July 2014

⏱️ 39 minutes

🧾️ Download transcript

Summary

On this week's show, we revisit some of our favorite interviews on investor behavior. Best-selling author Carl Richards talks about the benefits of the overnight test. Christopher Chabris talks invisible gorillas. And Dan Ariely talks investing and irrationality.


Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Full Money.

0:16.0

Welcome to Motley Full Money. I'm Chris Hill.

0:21.0

You know, each week here on Motley Full Money we dig into the numbers of business

0:25.0

as we analyze the latest headlines and the stocks that are on our radar.

0:29.0

But Warren Buffett, the greatest investor in modern times, has said the most difficult thing

0:34.0

he had to master as an investor was not numbers or analysis.

0:38.0

It was his temperament.

0:40.0

So this week we've got a special edition of Motley Full Money on tap.

0:43.0

Three of our favorite interviews all dealing with investment behavior.

0:47.0

We've got Christopher Shabrie, author of the Invisible Gorilla.

0:51.0

Dan Arieli on the upside of irrationality.

0:54.0

But we begin our show with bestselling author Carl Richards, author of the behavior gap.

0:59.0

Simple ways to stop doing dumb things with money.

1:03.0

Want to spot you up with a few chapter headings and have you expound on them.

1:08.0

And the first chapter in your book, we don't beat the market.

1:12.0

The market beats us. Wow, that's a little depressing.

1:17.0

Yeah, I mean, there's a lot to talk about there.

1:21.0

But I think one of the mistakes we make a lot is we think like, you know, that's a bad investment.

1:29.0

And I remember, in fact, I think the story in the book is when I was eight years old,

1:33.0

I remember hitting a sprinkler head with the lawnmower and running inside and saying to my mom,

1:39.0

the sprinkler head or the lawnmower hit a sprinkler head.

...

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