SI69: Richard Thaler on the perils of overconfidence and how to overcome it
发布时间 2020-01-04 23:12:00 来源
摘要
In this first episode of 2020, we discuss whether there any investment strategies that can work during all times, the recent Barron’s article featuring Richard Thaler on the perils of overconfidence, how Trend Following helps to prevent being too confident, the inherent negativity bias within most investors, the drawbacks of positivity when investing, and why you should consider the costs of being too cautious just as much as the costs of taking on too much risk. Questions covered this week include: Are CTAs becoming too cautious? Is it really worth diversifying away from developed markets? What causes you to make adjustments to your models?-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Episode TimeStamps:00:00 – Intro01:09 – Macro recap from Niels14:06 – Weekly review of performance19:18 – Top tweets49:01 – Question 1: Sam; Is it worth diversifying away from developed markets?55:22 – Question 2: Edmund; Can you recommend any detailed backtesting software with the ability to test variable position sizes?58:12 – Question 3: Drew; What causes you to make adjustments to your models?01:06:14 – Question 4: Sebastian; Why is it so hard to be a successful Trend Follower, when it seems we as Humans innately like to follow trends anyway (ie. fashion, social media, tech)?01:12:39 – Benchmark performance update01:14:16 – Send your questions in for our upcoming special guest, Andreas ClenowCopyright © 2023 – CMC AG – All Rights...
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