TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 13 May 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU'LL LEARN:

01:49 - Overconfidence
08:43 - Anchoring
11:18 - Endowment Effect
24:25 - Base-rate neglect and Recency bias
33:01 - Social Proof
48:30 - Scarcity
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Silver Ring Value Partners Website.
Behavioral Value Investor Blog.
Gary Mishuris Youtube.
Trey Lockerbie Twitter.
Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI-P.
0:03.1	On today's show, we are exploring behavioral finance with Gary Mishuris.
0:07.5	Gary is the managing partner and chief investment officer of Silver Ring Value Partners, an investment
0:12.5	firm that focuses on overlaying a behavioral finance focus system with the concentrated
0:16.6	long-term value strategy.
0:18.6	In this episode, we discuss human biases such as overconfidence, base rate neglect,
0:23.4	recency bias, anchoring, endowment effects, social proof, scarcity, and others. If you're
0:29.1	not familiar with the human biases I just named, then you are in for a real treat as we
0:33.0	are about to explore how our human nature can sometimes get the best of us even without
0:37.2	us knowing it.
0:38.2	So with that, please enjoy this discussion with Gary Mishuris.
0:42.5	You are listening to THE Investors Podcast.
0:48.5	We study the financial markets and read the books that influence self-made billionaires the
0:52.9	most.
0:53.9	We keep you informed and prepared for the unexpected.
1:05.8	Welcome to THE Investors Podcast.
1:07.4	I'm your host, Tray Lockerby, and today I'm very excited to have with me Gary Mishuris
1:11.5	on the show.
1:12.5	Welcome to the show, Gary.
1:13.5	Thank you very much for having me.
1:16.2	So I really wanted to bring you on because you are an expert at behavioral finance and
1:22.2	you overlay that with your value investing approach.
	...

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