Podcasts by Mental Models Podcast Its not a brain in a jar, thats the gist!
All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.
Further podcasts by Dr. Daniel Krawczyk & George Baxter, JD, CFA
Podcast on the topic Wirtschaft
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Mental Models: Game Stop Stock Unhinged: #72 from 2021-03-31T01:14:26
GameStop $GME shops mainly sold physical video games. They would also stock many resale items. The physical locations capitalized on the same type of business that comic book shops often had by sel...
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Mental Models: EV Bubble Bursting: #71 from 2021-03-17T01:00:03
The Electric Vehicle (EV) Bubble is rising and appears to be starting to burst. Issuances continue to pick up. The entire basket of EV stocks that we discussed in Episode #68 of Mental Models Podc...
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Mental Models: Money, genetics and your brain, lessons from “Behave” by Robert Sapolsky: #70 from 2021-03-03T02:32:36
Financial insecurity impacts our brain and body throughout human development. Stress is increased with more authority & responsibility.
Lessons from of Robert Sapolsky’s book “Behave: The Biol...
Mental Models: Lessons for finance, economy, & human behavior. Book review of “Sapiens”: #68 from 2021-01-29T00:23:33
Brain and Investing lessons that we took from the book Sapiens by Yuval Noah Harari (2017). An excellent read covering many surprising insights about human behavior from individuals to global insti...
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Mental Models: Lessons for finance, economy, & human behavior. Book review of “Sapiens”: #69 from 2021-01-28T23:23:33
Brain and Investing lessons that we took from the book Sapiens by Yuval Noah Harari (2017). An excellent read covering many surprising insights about human behavior from individuals to global insti...
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Mental Models: Play and Understand Stock Market Bubbles: #67 from 2021-01-12T22:52:10
Mental Models Podcasts predicts that this historic and unprecedented bubble will crash by the second quarter of 2021. Bubbles are driven by narratives. Bubbles have an end but timing the end of th...
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Mental Models: Play and Understand Stock Market Bubbles: #68 from 2021-01-12T21:52:10
Mental Models Podcasts predicts that this historic and unprecedented bubble will crash by the second quarter of 2021. Bubbles are driven by narratives. Bubbles have an end but timing the end of th...
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Mental Models: Stock Winners and Losers heading into 2021: #66 from 2020-12-17T00:07:47
COVID-19 has created an unprecedented impact on the stock market. There have been clear wining and losing stocks in 2020, where will these stock go in 2021? We review the uncharted stock market ah...
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Mental Models: Stock Winners and Losers heading into 2021: #67 from 2020-12-16T23:07:47
COVID-19 has created an unprecedented impact on the stock market. There have been clear wining and losing stocks in 2020, where will these stock go in 2021? We review the uncharted stock market ah...
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Mental Models: Political Theater, Psychology and Stock Market predictions for 2021: #65 from 2020-12-02T04:01:31
Analogies help when we are faced with new challenges. Current events matter for the stock market, let’s frame these current events in relationship to historical perspective of the 2016 election and...
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Mental Models: Political Theater, Psychology and Stock Market predictions for 2021: #66 from 2020-12-02T03:01:31
Analogies help when we are faced with new challenges. Current events matter for the stock market, let’s frame these current events in relationship to historical perspective of the 2016 election and...
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Mental Models: Streaking Star Effect or Bias: #64 from 2020-11-09T22:48:07
A talent that you have, but will it last, unlikely! We all want that superior money earning performance to continue, and we enjoy the success of an individual over a team (Jessie Walker and Tom Gil...
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Mental Models: Streaking Star Effect or Bias: #65 from 2020-11-09T21:48:07
A talent that you have, but will it last, unlikely! We all want that superior money earning performance to continue, and we enjoy the success of an individual over a team (Jessie Walker and Tom Gil...
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Mental Models: Mistique behind Winning Streak, Hot Hand Effect: #63 from 2020-10-20T22:50:01
Hot hand effect is the mystic behind your winning streak, despite all of your theorizing. There are many factors that explain the wins in the stock market, but the hot hand effect/bias is one to co...
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Mental Models: Mistique behind Winning Streak, Hot Hand Effect: #64 from 2020-10-20T20:50:01
Hot hand effect is the mystic behind your winning streak, despite all of your theorizing. There are many factors that explain the wins in the stock market, but the hot hand effect/bias is one to co...
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Mental Models: Changes to Economic Landscape: #62 from 2020-10-01T20:23:06
Moving parts of the current economy has been influenced by the pandemic. This is an unprecedented time and reflects a poor experimental design. What is changing and what is holding steady, if anyth...
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Mental Models: Changes to Economic Landscape: #63 from 2020-10-01T18:23:06
Moving parts of the current economy has been influenced by the pandemic. This is an unprecedented time and reflects a poor experimental design. What is changing and what is holding steady, if anyth...
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Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62 from 2020-09-15T00:00:08
Compassion and our basic human values drive us. In this episode we revisit a popular episode, and discuss values in detail from both an investing & psychological perspective. Our mental models of o...
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Mental Models: Is Spotify a Good Investment?: #61 from 2020-09-02T21:26:40
Spotify changing up the podcasting distribution - does it make Spotify a good investment? Spotify is scooping up top podcasters like Joe Rogan and Kim Kardashian to enhance their reach and overall ...
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Mental Models: Investment Decisions in Levitating Market: #60 from 2020-08-05T19:57:17
How does COVID-19 continue to influence market decisions? Online and e-commerce are impacting the market, as is the upcoming presidential election. What opportunities will the stock market provide?...
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Mental Models: Psychology of Disney Stock since Virus Crisis: #59 from 2020-07-23T19:31:01
What is the psychology of HOW Disney stock is traded due to #COVID-19? Disney provides ‘top notch escapism’ via multiple arms of the corporation. Additionally, psychology of Disney power is the ‘au...
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Mental Models: Where is stock market going…crash?: #58 from 2020-07-10T21:14:55
Risk is always a part of investing but even more with the unknowns of opening and closing of the economy. Another factor driving the market is the money the feds are pumping out. Also, the influx o...
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Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57 from 2020-06-25T02:13:45
Everyone needs toilet paper! The initial increase in buying of toilet paper (AKA tissue paper) at the start of the COVID-19 crisis was likely due to a hoarding response, which is an instinctive psy...
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Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56 from 2020-06-11T23:18:07
Psychological research can inform our behavior during the COVID-19 pandemic. How do we decide what is the most effective response and how we will act? Follow along with the research article from Na...
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Mental Models: Psychological Timeline of Pandemic: #55 from 2020-05-28T21:46:42
Jan. - Feb., 2020 was a period of ‘psychological inoculation’, in that we have heard this before, viruses come and go, like the flu and N1H1, and we will be okay.
March - April, 2020 was a peri...
Mental Models: Brain Effects While Working From Home: #54 from 2020-05-12T20:52:12
Norepinephrine sends signals widely throughout the brain that move us into a task motivated stated. A brain regain called the locus coeruleus located in the brain stem is involved in the release o...
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Mental Models: COVID-19 Stock Market Rallies: #53 from 2020-05-06T18:51:21
Global economy has stalled in early 2020 due to COVID-19 and governments have provided stimuli. The stock market has rallied; SMP is up from the bottom which is the most dramatic rise of the market...
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Mental Models: Global Protein Chain Breaking/Broken: #52 from 2020-04-30T18:06:05
African Swine Fever in China has depopulated the hog heard in China. China is responsible for 50% of global production and consumption of pork. The coronavirus was completely unexpected and has fu...
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Mental Models: Motivations & Basic Human Values-Part 2: #51 from 2020-04-24T20:21:48
Our basic human values drive us and drives up our oxytocin levels in our brain. Provided are applied examples of values in the investing world. We consider the basic human values by Shalom Schwartz...
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Mental Models: Are Analogies between ‘?’ and Covid-19 Dangerous?: #50 from 2020-04-15T19:58:23
Analogies help our brains understand a current event often using a past event, but with our brain filling in unknown gaps and creating possible dangerous inferences. Comparisons between the flue, N...
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Mental Models: Anchoring Bias & Base Rate Neglect in Relation to Covid-19: #49 from 2020-04-09T01:00:03
How do we think psychologically about numbers? Especially in relation to the Covid-19 2020 pandemic and the impact on the stock market. Take into consideration the effect of the Anchoring bias and ...
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Mental Models: Recalibrate Biases to Cope with Pandemic: #48 from 2020-03-31T18:57:36
Biases investors need to be aware of include ILLUSIONS OF INVULNERABILITY and ILLUSIONS OF CONTROL. Due to years of investing success investors feel invulnerable and are making decisions from their...
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Mental Models: Motivations That Drive You - Our Basic Human Values Part 1: #47 from 2020-03-18T01:00:08
Our basic human values drive us. In this episode we discuss values in detail from both an investing and psychological perspective. Our mental models of other people’s behavior and our own can helps...
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Mental Models: Impulse Control and Investment Decisions: #46 from 2020-03-11T01:08:55
Do you have the will power to keep from buying that stock too early? Humans need the will power to delay gratification - how do we get it? Discipline is important to success. Walter Mischel’s, re...
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Mental Models: Keys to Flexible Thinking and Problem Solving: #45 from 2020-03-03T02:41:29
The keys to flexible thinking come from exploring the different solutions to a problem vs. exploiting the rewards, resulting in perseveration behavior. In this episode we explore the ‘set effect’ ...
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Mental Models: Use Chunking to Conquer Memory Limitations: #44 from 2020-02-27T01:37:30
In this episode we consider how our memory systems are organized and what we can do to help become better at remembering in a variety of areas of our lives. We consider memory from a multiple memor...
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Mental Models: Selection Bias - Where’s Waldo?: #43 from 2020-02-19T01:28:29
Selection Bias can keep us hunting for what is most present on our mind, Waldo or the new Toyota we are planning to buy. Once we have committed to a decision we will see that specific brand everyw...
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Mental Models: Salience Bias - Fear and Uncertainty: #42 from 2020-02-11T03:23:10
Be the courageous investor! Fear linked to 3 things:
1: To little information
2: Potential Threat
3: Helplessness
Investing is linked to 2 things:
1: Fear
2: Greed
...
Mental Models: Avoid Rationalizing a Stock that is a Lemon: #41 from 2020-01-29T02:00:10
Rationalization and thesis drift is akin to wrestling with muddy pigs... it’s slippery and you will lose $$$. For investors ”thesis drift” is the tendency to rationalize bad news and come up with ...
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Investment Process V: Post mortem: #40 from 2020-01-21T00:27:22
“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy an...
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Mental Models: Market & Macro Nonsense: #39 from 2020-01-15T01:41:15
Recap of general market trends experienced in 2019 and interpret what they might mean for the economy in 2020. The expansion is the longest we have see, we are now beyond what it occurred from 199...
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Mental Models: Investing & Behavioral Bias in an Election Year: #38 from 2020-01-08T04:39:16
How politics might influence the stock market in an election year! All of this while the standing president of the United States is under investigation for impeachment by the Senate. What are you...
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Mental Models: Holiday Message 2019 and Behavioral Bia$: #37 from 2019-12-23T06:10:03
There won't be any regular episodes of Mental Models Podcast as we take a holiday break. Regular service will resume the first full week in January 2020. In the meantime, enjoy a holiday message an...
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Investment Process IV: Analysis and Execution: #36 from 2019-12-11T17:19:06
“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy an...
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Investment Process III: Fundamental Research: #35 from 2019-12-03T06:20:03
Follow along with our book “Understanding Behavioral Bia$” by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (cop...
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Mental Models: Understanding Behavioral Bia$: #34 from 2019-11-25T06:10:03
Book review and origin story of "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making”. This book is a great tool to improve your investing skills. This is not a list of ...
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Investment Process II: Idea Vetting: #33 from 2019-11-20T06:10:03
Idea vetting is the second step in the Investment Process - how to improve your process and what Biases are keeping your from your financial and investing goals. BUY “Understanding Behavioral BIA$”...
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Investment Process I: Idea Generation: #32 from 2019-11-13T06:10:03
Investment Process new series (3 parts) from Mental Models Podcast. Talking you through each step of the investment process, starting with idea generation and associated biases. Watch out for episo...
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Mental Models: Benefits of Behavioral Bias: #31 from 2019-11-06T06:30:02
Biases can come about and trip up your investing decisions when your moving to fast. Incorporate speed bumps into your process, such as a check list. Have a coffee (or a scotch) and think through...
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Mental Models: Peaking Investors Curiosity: #30 from 2019-10-30T05:30:02
In the investing world some very distinctive feature are alerting you to a particular opportunity or something to be concerned about - Peaking your Curiosity. Base Rate Neglect Bias: Try to think i...
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Mental Models: Passive or Active Management: #29 from 2019-10-22T08:59:14
Passive index funds (ex. S & P 500 can be over performed if an edge can be found. Ways to avoid bias in active and passive management. Episode #29 is discussed in our new book "Understanding Behavi...
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Mental Models: "Inside Bill's Brain: Decoding Bill Gates": #28 from 2019-10-15T05:10:06
A discussion of Bill Gate's mental models as observed in the 3 part documentary series on Netflix: "Inside Bill's Brain: Decoding Bill Gates". Bill Gates mental process protects him from a variety...
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Mental Models: Part 2 of Mike Hughes on Artificial Intelligence: #27 from 2019-10-08T10:23:19
Artificial Intelligence Part 2 with Mike Hughes from OutSystems in Portugal discussing uses of AI in investing, business and court proceedings as the AI judge! BUY “Understanding Behavioral BIA$” h...
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Mental Models: Mike Hughes on AI Part 1: #26 from 2019-10-06T19:37:26
Artificial Intelligence enthusiast Mike Hughes discusses a range of topics including machine learning and the future of computing. Part 1 of a 2 part series in AI and investing. Mike is an accompl...
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Mental Models: Framing Effect & Investing: #25 from 2019-09-24T06:00:45
Consider the "bias luggage" that comes along with your frame and the frame of the market while investing and making investment decisions. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE...
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Mental Models: Value Investing and Technology Part 2: #24 from 2019-09-17T06:00:15
The landscape of value investing has changed due to the availability of information. The rapid increase in information on businesses, stocks and more is decidedly liked to technology. The informati...
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Mental Models: Value Investing Since Benjamin Graham Part 1: #23 from 2019-09-10T01:23:15
Value investing from Benjamin Graham to the lessons of Warren Buffet. Followed by what the picture is NOW. Review of modern day investing and how the landscape has changed and where the methodolog...
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Mental Models: Biases that keep you from Investing Success: #22 from 2019-09-03T15:09:19
Biases are part of the cognitive architecture of the brain. We can't avoid biases but we can think analytically and put speed bumps in our way to force us to check our assumptions. Biases covered ...
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Mental Models: Macro Economy Revisited: #21 from 2019-08-27T06:00:15
The macro economy picture NOW (8/2019)in the US that would have a world impact. What to watch: Consumer is strong; Fed has eased, but there is an inversion of the yield curve. Mental Model Podcas...
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Mental Models: Reflexivity: #20 from 2019-08-20T07:00:35
Use the mental model of reflexivity as applied by George Soros to capital markets leading to investing success. In summary, a rising stock price can reflect the fundamentals of the business which c...
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Mental Models: Economic Cycle and Macro Babble: #19 from 2019-08-13T14:16:03
Helpful to have a schema or picture of how the economy works so you don't overreact to news reports such as Chinese tariffs, that might rattle the market. Further discussion of predictors of recess...
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Mental Models: Confirmation Bias and the Macro Rorschach: #18 from 2019-08-06T11:44:27
Is the US headed into a recession or contraction in the economy? Confirmation Bias is when we force our views upon the macro data, and there is always something there. What are indicators of a rece...
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Mental Models: Knowledge Illusion-When You think you get it, but you don't: #17 from 2019-07-30T11:00:15
Understand your mental model, and develop a competitive advantage of investing strategies, and learn the brain science behind the knowledge illusion. Like a 'prosthetic for your brain' extra knowl...
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Mental Models: Brain and Investment Timing: #16 from 2019-07-23T16:40:41
A challenge for investors is get the timing correct in their forecasts. How does the timing of current events impact the market and what is your brains role? This is relevant to the Equifax data br...
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Mental Models: Multiple Memory Bias Strategies: #15 from 2019-07-16T14:37:18
Learn strategies to fix memory biases that keep you from financial success. Increase your profit margin! Learn the science of memory to truly understand how you are being tripped up by memory bias....
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Mental Models: Expertise #14 from 2019-07-09T11:00:14
Expertise can serve an investor very well, although it can take 10,000 hours to be a true expert in a particular field. Skills developed in another discipline that has a similar process, can allow ...
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Investing Profit Despite Perils of Hindsight Bias: #13 from 2019-07-02T11:00:19
Not being able to see the difference between what you know NOW relative to what you KNEW before IS hindsight bias - a psychological bias that can be overcome in investing. How? Choose stocks based ...
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Investing-Brain Myths Debunked and Winning Strategies: #12 from 2019-06-25T11:00:19
Short sales are rarely the simple inverse of a long sale-LEARN 3 strategies for investing success in short sales. A monkey cannot out perform an investment professional-the monkey doesn't know abou...
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Investors Identify and Remedy Regression to the Mean: #11 from 2019-06-18T10:59:59
Investors should be aware that stocks are not always normally distributed and when this fact is overlooked they may suffer from the 'regression to the mean' bias! What is a regression to the mean? ...
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Multiple Levels of Thinking Styles: #10 from 2019-06-11T11:00:15
Embrace that we think at multiple levels, not just fast and slow. Our thought process is constructed in 3 levels, due to the complexity of our brains. The first level is instinct, which is our emo...
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Strategies to Overcome Illusion of Control Bias: #9 from 2019-06-04T15:44:46
Illusions of control or illusion of invulnerability bias, is in response to the complications of the world and your brain. We think we have everything worked out and are overly confident which can ...
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Strategies to Keep Narratives from Leading you Off a Financial Cliff: #8 from 2019-05-28T15:18:42
How does your brain interpret the world and develop narratives? It takes a heroic effort to upend a narrative that you put a lot of work behind. Sticking with a narrative without looking at the cha...
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Confirmation Bias: #7 from 2019-05-21T16:30:23
Strategies for investors, lawyers, intelligence analysts, and everyday life. Gather evidence to strategize if on the correct path - we are looking for confirmation. But, beware of "Idea Inoculatio...
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When to Upend the Status Quo?: #6 from 2019-05-14T17:21:21
The default effect is a strategy used in marketing with great success. It is very human to go with the 'status quo'. There is a natural brain benefit, because all of these little decisions can res...
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Decision Fatigue | Strategies for Success: #5 from 2019-05-07T21:49:54
How do you avoid decision fatigue? Strategies used by George Baxter, JD, CFA include limiting his decisions outside of his professional life as a hedge fund manager, thereby fighting the chances of...
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Groupthink Part 2: #4 from 2019-04-30T23:01:29
Groupthink how being part of an investing team comes with positive and negative factors. How working with a team can derail your investing strategies and decision making. Discussed are tried and tr...
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Groupthink Part I: #3 from 2019-04-23T02:11:53
We take a deep dive into the benefits of thinking in groups and how our mental models change through group interactions. Team members can help us to flesh out our mental models in a variety of situ...
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Value drives our lives! Your brains response to value & investing lives: #2 from 2019-04-14T20:31:47
Value runs deeply within your brain. The brain’s reward systems respond to primary incentives, but the story does not end there. People amplify the value of objects and experiences to a dramatic de...
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Mental Models: Your brain & behavioral finance: #1 from 2019-04-04T16:50:16
Do you want to learn about Mental Model$, behavorial finance and neuroscience/your brain? Do you want to know how your brain functions and the interactions with financial decision making? This show...
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