How Misinformation Can Ruin Your Investment Returns
Alex Edmans is an economist and Professor of Finance at the London Business School. His book ‘May Contain Lies’ is about how our biases are exploited and what we can do about it. You can get Alex's book here: https://www.amazon.com/May-Contain-Li...
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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Chapters:
00:00-00:37 - Intro
00:37-04:26 How misinformation affects our money
04:26-08:24 Why having the facts isn’t enough
08:24-13:04 - The impact of social media
13:04-13:55 - Vanta ad
13:55-19:37 - Why the 10,000 rule is wrong
19:37-23:41 - Be aware when you agree
23:41-26:09 - Practical tips for avoiding bias
26:09-30:48 - The dangers of data mining
30:48-31:41- Manual ad
31:41-35:35 - Misinformation is all around us
35:35-44:35- Seek out arguments you disagree with
44:35-50:18 - Keeping your finances bias-free
50:18-54:37 - Should we bin the ESG label?
54:37-01:02:08 - How we can fight misinformation
01:02:08-01:02:35 - Outro