The Meb Faber Show – Leonard Mlodinow: “How To Harness Your Emotions To Become A Better Investor”
Leonard Mlodinow: “How To Harness Your Emotions To Become A Better Investor”
In episode 381, we welcome our guest, Leonard Mlodinow, a theoretical physicist and best-selling author of a number of books, including The Drunkard’s Walk: How Randomness Rules Our Lives and Emotional: How Feelings Shape Our Thinking, which releases next week and can be bought here: https://amzn.to/3zqnm8k
In today’s episode, we look at the relationship between our emotions and decisions. Leonard explains how emotions can make us emphasize or de-emphasize certain beliefs and even completely ignore certain data points. Then we dive into how emotions impact our investment decisions. We hear what studies say about how the best traders handle their emotions and talk about the role of social and emotional contagion on financial markets.
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