MTI082: Terrance Odean – Making Simple Smart Financial Decisions
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 15 April 2016
⏱️ 47 minutes
🧾️ Download transcript
Summary
In this complex world of finance, we need to keep these main areas simple: Saving, insurance and investing 1. Saving, Spending, and Credit If you aren’t saving enough you are probably spending too much. One reason is today it is
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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. |
| 0:10.5 | I'm Doug Goldstein hosting today's episode of the Money Tree Investing Podcast. |
| 0:15.0 | For today's show, we've got the go-to guy who explains why people make bad investment decisions. |
| 0:22.0 | He's like a whiteboard. |
| 0:23.9 | Remarkable. |
| 0:24.9 | Enjoy my conversation with the University of California at Berkeley's Professor Terence |
| 0:29.3 | Odeen. |
| 0:30.3 | Okay, I'm very excited to have Professor Terry Odeen from the University of California |
| 0:36.4 | at Berkeley. he is a specialist |
| 0:38.5 | in behavioral finance. |
| 0:40.4 | I have known Terry for decades, much longer than he's actually known me, because when I started |
| 0:45.8 | on Wall Street about 20, 25 years ago, we studied his work about behavioral finance, which, |
| 0:52.3 | as I described to normal people, is the study of why do people |
| 0:55.8 | do the dumbest things even when they know the right thing that they should do. Terry, a real pleasure |
| 1:00.7 | to have you. Thanks, Doug. Glad to be here. So I understand you're actually going to begin teaching |
| 1:05.7 | a course that's available to everyone, not just students at Berkeley, about making smart financial |
| 1:10.6 | decisions. So I was hoping |
| 1:11.9 | that we could kind of have a shortcut today to understand some smart financial decisions that people |
| 1:17.5 | could make. Tell me what are some of the biggest risks that people have that maybe we could |
| 1:23.1 | make them a little smarter about? Well, in my course, I'm going to cover a few topics. We'll look at |
| 1:28.3 | saving and spending, at credit and debt, insurance, investments, and issues around retirement. |
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