TIP181: Snap Judgements - a Review of Blink by Malcolm Gladwell (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 11 March 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Malcolm Gladwell is a New York Times Best Selling author for multiple books. On today's show, Preston and Stig cover his book, Blink. Gladwell's book goes into detail exploring the things that happen in the first two seconds a person is exposed to something new. He examines why some people are able to make really good snap judgments while others are terrible. The Investor's Podcast chose this book because stock investors are constantly making good and bad decisions that are sometimes based on instinct. Hopefully, the information discussed in this episode will provide deeper clues into the reliability of using instinctive gut feelings when making investment decisions. IN THIS EPISODE, YOU’LL LEARN: How we make decisions in the blink of an eye. How to quickly spot if your marriage is healthy. Why we should stick to simple guidelines instead of collecting a wealth of information. Why more than 100,000 people could be wrong about “New Coke” Ask The Investors: Should you invest in ENTs or ETFs, and how do you invest in commodities? NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. 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Transcript

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0:00.0	You're listening to TIP.
0:02.7	So one of the most common characteristics that every investor can empathize with is the
0:06.8	feeling and emotions that occur while being a participant in the financial markets.
0:10.9	For instance, when the market goes down by 2% in a single day, how well do you manage
0:15.2	your emotions?
0:16.4	As we previously learned from studying Daniel Connamens' famous book Thinking Fast and Slow,
0:21.2	people tend to make better decisions when they slow things down and use their rational
0:24.8	mind to draw conclusions.
0:26.6	If that said, today's conversation is going to go into more detail about our quick snap
0:31.8	judgments.
0:32.8	To learn more about this part of the mind, we read a book by the New York Times bestselling
0:36.7	author Melcom Gladwell, and the name of the book is Blink.
0:40.3	This was a fascinating read about what happens in the mind when an individual uses their immediate
0:45.0	cognitive thinking to get accurate and sometimes not so accurate results in the way that they
0:50.0	interpret the world around them.
0:51.5	So I really think you're going to enjoy this discussion about this landmark book.
0:54.7	So without further delay, let's go ahead and get to it.
1:00.6	You are listening to THE Investors Podcast, where we study the financial markets and read
1:05.6	the books that influence self-made billionaires the most.
1:08.8	We keep you informed and prepared for the unexpected.
1:14.8	All right.
1:20.9	How's everyone doing out there?
	...

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