Anthony and I discuss the dimensions of Daniel Kahneman's legacy; the man, his work, and his impact. The conversation ranges from how Kahneman's childhood interaction with a Nazi officer spurred his work on happiness, how Anthony and I read and re-read the books written by and about Kahneman, the different ways we have each applied the lessons we have learnt from him, and what Kahneman's death will mean going forward.
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Anthony and I discuss the dimensions of Daniel Kahneman's legacy; the man, his work, and his impact. The conversation ranges from how Kahneman's childhood interaction with a Nazi officer spurred his work on happiness, how Anthony and I read and re-read the books written by and about Kahneman, the different ways we have each applied the lessons we have learnt from him, and what Kahneman's death will mean going forward.
Misunderstandings about mean reversion with Julian Morrison
Behavioural Finance with Simon Russell
12 minutes 49 seconds
5 years ago
Misunderstandings about mean reversion with Julian Morrison
We live in extreme times! But will things revert to 'normal'? In this behavioural finance conversation with Julian Morrison from Allan Gray we speak about the frequently mentioned but often misunderstood concept of mean reversion. We discus when it typically works (think energy stocks & profit margins) and when it doesn't (think Woolworths & gross sales). We discuss the underlying causal and statistical mechanisms, how you can use mean version to diagnose a problem with capitalism, why even sophisticated investors don't think about mean reversion enough, and why tall parents might appear to under-feed their children. This 13 minute recording is relevant for investors and advisers.
Behavioural Finance with Simon Russell
Anthony and I discuss the dimensions of Daniel Kahneman's legacy; the man, his work, and his impact. The conversation ranges from how Kahneman's childhood interaction with a Nazi officer spurred his work on happiness, how Anthony and I read and re-read the books written by and about Kahneman, the different ways we have each applied the lessons we have learnt from him, and what Kahneman's death will mean going forward.
