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The Meb Faber Show - Better Investing

Professor Richard Thaler, University of Chicago - When Somebody Would Fire Us, It Was Almost Always At Exactly The Wrong Time | #337

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7938 Ratings

🗓️ 4 August 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

In episode 337, we welcome our guest, Professor Richard Thaler, the co-founder of Fuller & Thaler, Professor at the University of Chicago, and author of multiple best-selling books, including his release this week, Nudge: The Final Edition. In today’s episode, we’re talking nudges! We talk about all the ways choice architecture and nudges affect financial services – including how we save for retirement, pay our taxes, and choose an insurance plan. We cover some fintech companies using his ideas to help consumers have better outcomes, and then cover some companies that are nudging consumers in the wrong direction. As we wind down, Professor Thaler shares the concept of sludge and how it applies to things like cancelling subscriptions or registering for the new child income credit payments. Please enjoy this episode with University of Chicago Professor Richard Thaler. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our products and follow us, subscribe to our mailing list or visit us at cambriainvestments.com. ----- Today’s episode is sponsored by NordVPN. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a single VPN server is now one of the most trusted internet security providers in the market, serving over 14 million users worldwide. Known for strong values and well-thought-out features, NordVPN is recognized by influential tech sites and IT security specialists. Visit www.nordvpn.com/meb for a 73% off 2-year plan plus 4 months free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.

0:11.0

Join us as we discuss the craft of investing and

0:13.5

uncover new and profitable ideas all to help you grow wealthier and wiser.

0:17.2

Better investing starts here.

0:18.8

Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:23.3

Did it industry regulations, he will not discuss any of Cambry's funds on this podcast.

0:27.2

All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion

0:31.1

of Cambria Investment Management or its affiliates.

0:33.4

For more information, visit Cambria Investments.com.

0:35.6

What's up everybody, an amazing show today with a Nobel Prize winning professor.

0:45.0

Our guest is the co-founder of Fuller and Thaler,

0:47.4

professor of the University of Chicago,

0:49.3

an author of multiple best-selling books,

0:51.3

including his updated release this week.

0:53.3

Nudge the final edition.

0:56.4

And today's show we're talking Nudges.

0:58.9

We talk about all the ways choice architecture and Nudges affect financial services, including how we save for retirement, pay our taxes,

1:06.1

and choose an insurance plan. We cover some FinTech companies using his ideas to help consumers

1:10.8

have better outcomes and then cover some companies that are

1:13.5

nudging consumers in the wrong direction. As we wind down, our guest shares the

1:18.3

concept of sludge and how it applies to things like canceling subscriptions

1:22.8

or registering for the new child income credit.

...

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