At the Money: Investor Incompetence

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 10 January 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investor incompetence might play a larger role in poor performance than you think. That's thanks to a phenomenon called the Dunning-Kruger Effect. To explain, Barry welcomes David Dunning to the podcast. Dunning is a professor of psychology at the University of Michigan. Dunning’s research focuses on decision-making in various settings. In work on economic games, he explores how choices commonly presumed to be economic in nature actually hinge more on psychological factors, such as social norms and emotion.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	For Brands, content is the customer experience.
0:03.0	It's how you interact, differentiate, and win.
0:06.0	Contentful's composable content platform
0:08.0	empowers digital teams to scale and launch campaigns quickly and efficiently.
0:12.0	Contentful, where content drives business moments. scale and launch campaigns quickly and efficiently.
0:12.8	Contentful, where content drives business momentum.
0:15.9	Get started at contentful.com.
0:18.7	Do you love Elon Musk?
0:21.0	Do you hate Elon Musk? Do you have no idea what to think about Elon Musk?
0:27.0	Then we have just a show for you.
0:30.0	He's become even more larger than life.
0:33.0	Buying Twitter doesn't get us closer to Mars.
0:35.0	They are like really close to the edge of like everything falling apart.
0:39.0	Like, oh, Elon, I volunteer, put a chip in my brain.
0:42.0	Each week on this podcast will break down, analyze and debate the most important stories
0:46.6	on Musk and his empire.
0:48.6	It's all one big universe.
0:49.6	You just work for Elon In. From Bloomberg Business Week, this is Elon Inc. Listen wherever you get your
0:57.6	podcasts. Everybody wants to be a great investor. We love the idea of outperforming the markets or at the very least
1:07.9	beating our peers. The problem with all this foolishness is that nearly all of us lack the skill set and
1:15.2	discipline required to create those better than average returns. Worse yet we
1:21.4	often fool ourselves into believing we are much more skilled than we actually are.
	...

Transcript will be available on the free plan in -448 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.