If someone told you to keep your eye on a bouncing ball, do you think you would notice a gorilla entering into then departing your field of vision?
We kick off our summer reading series with the authors of "The Invisible Gorilla: And Other Ways Our Intuitions Deceive Us". In a most fascinating conversation with the cognitive psychologists, we explore key elements of behavioral science and many of its applications to decision-making including the myth of intuition, the illusion of knowledge (e.g. Amaranth), and the appeal of confidence and certainty ("...we prefer people who are confident even when we have all the information we need to see that they are less accurate in what they are saying."). Bernie Madoff, anyone?
Investors seeking to gain a better understanding of their own investment decision-making process will find the time spent listening to this podcast as time well spent.
The length of the interview is 16 minutes 28 seconds.
Vinny Catalano, CFA, Global Investment Strategist with Blue Marble Research publishes the "Sectors and Styles Strategy Report" newsletter, which contains the market beating Model Growth Portfolio. To learn about subscribing as well as other benefits, click here.
05-28-2010 11:46 AM
Vinny Catalano, CFA