Mind Over Money
69 episodes - English - Latest episode: over 1 year ago - ★★★★★ - 12 ratingsThe psychology of investing has become such an important area of research that major hedge funds are building trading strategies around human behavioral patterns. In Mind Over Money, Kevin Cook explores the crossroads where markets and brains collide, delving into the two sciences – neuroscience and behavioral finance – that show why investors are often highly irrational when faced with economic decisions, uncertainty, and risk.
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Episodes
AI in Action: Deep Learning Cracks Poker Code (Part I)
October 18, 2017 00:26 - 32 minutes - 29.5 MBHow engineers taught a computer to beat poker pros using its "intuition" (0:30) - What Is AI? (2:00) - An Inside Look At Nvidia (9:00) - What Not To Do In The Stock Market: Phil Hellmuth (14:30) - Facebook and Intel's AI Partnership (19:00) - AI Plays Poker (24:00) - Creating A Computer With Intuition (31:00) - Episode Roundup:[email protected]
Thaler’s Nobel: Brilliant, Lazy, Humble
October 10, 2017 21:04 - 29 minutes - 27.2 MBAfter this high-profile prize in economics, investors might just be ready to admit how irrational they can be. Please pick a time stamped topic below: (0:45) - Richard Thaler and Daniel Kahneman (5:45) - Active Traders Already Accept Their Irrationality (9:30) – Psycho-Economic Thinking for Investors (12:00) - Richard Thaler: Nobel Praise Where It’s Due (16:45) - Dan Ariely's Nod Before Nudge (21:30) - Save More Tomorrow: Applying Behavioral Economics (25:00) - What To Takeaway ...
Monty Hall and Probability 101
October 03, 2017 21:53 - 29 minutes - 26.8 MBIn honor of the late great Let's Make a Deal host, I offer some good and fun reasons to learn more math. Please pick a time stamped topic below: (1:00) - What The Framers Couldn't Imagine (7:00) - Monty Hall: The Probability Brain Buster (12:30) - Jeff Yass: The Power Of Rational Thinking (18:30) - Breaking Down The Probability Of The Monty Hall Problem (24:00) - Daniel Negreanu: Probability Simulation (28:45) - Episode Roundup: [email protected]
The Secret Meaning of FANG
September 12, 2017 21:56 - 30 minutes - 27.8 MBBeyond a mere momentum fad, 3 of these companies are part of tech renaissance that will last decades. Please pick a time stamped topic below: (0:30) - FANG Stocks: Momentum Fad or Millennium Fuel? (3:30) - The 6 Exponential Technologies (8:45) - Is Facebook an Exponential Change-Agent? (12:30) – A Long-in-the-Tooth Bull Market: Is It Peaking? (15:30) - 5 Secrets of This Bull Market (21:15) - Abundance Excerpt: Igniting The Enlightenment (26:00) - The Rising Billion: The Impact O...
Indecision Won’t Kill You, But It Will Take Your Money
August 29, 2017 21:36 - 33 minutes - 30.7 MBThis episode is all about the risk and reward of decision-making. Sometimes we avoid making decisions, and often we never learn from our bad ones. I was fortunate that I became a high-frequency currency trader 20 years ago and learned how to make lots of decisions every hour that I could never regret, and only learn from. But that doesn’t mean I don't still fall prey to the bad habits we all have when faced with uncertainty and risk.Please pick a time stamped topic below: (0:20) – Risk-Re...
What You See, and What You Get: The Neurology of Perception
August 15, 2017 21:33 - 36 minutes - 33.1 MBWhile "the biotech century" cures cancer, it's also tackling dozens of neurological diseases investors should learn about. Please pick a time stamped topic below: (1:00) - Neuroscience: The 4 Theaters Of The Brain (5:00) - Investors Train Their Brains to Trade: Assumption and Perception (10:00) - Neurology Is The New Oncology: The Boom In Brain Sciences (14:00) - Biotech Companies With Breakthrough Research (21:00) - Appreciating Differences: The Story Of A Misdiagnosis (34:00) ...
Why the Apple Ecosphere Could Own Augmented Reality
August 01, 2017 20:54 - 27 minutes - 25.3 MBOne analyst predicts AR/VR markets to grow to $100 billion in 4 years and diagrams 4 hardware + software waves Apple owns. Please pick a time stamped topic below: (1:00) - Facebook Hires Regina Dugan: Former DARPA Engineer (5:30) - Tim Merel of Digi-Capital: AR & VR Expert (8:45) - Pokémon GO's Success (11:45) - 5 Big Challenges for AR (16:30) - Tim Merel's Four Waves of AR (18:45) - Why Apple Will Own AR (23:30) - Alibaba: The Amazon of China (27:00) - Episode Roundup: Podcas...
The E.T. Economy: Disruptive Technology and the Behavior of Shopping
June 27, 2017 20:59 - 29 minutes - 26.8 MBWelcome back to Mind Over Money. I’m Kevin Cook, your field-guide and story-teller for the fascinating arena of Behavioral Economics. Please pick a time stamped topic below: (0:30) - Disruptive Technology and New Shopping Behavior (2:10) - Google, Facebook and Alibaba Making Waves in the News (8:30) - Facebook Ads: Creating a Revolution For Small Business (10:00) - The E.T. Economy: It's All About Consumer Experience (15:20) - The Gig Economy: Thumbtack, TaskRabbit, Upwork ...
What to Do Before the Machines Take Over
May 09, 2017 21:30 - 29 minutes - 26.8 MBCould automation and AI wipe out a billion jobs in the next decade and create an inequality chasm? Please pick a time stamped topic below: (0:40) - Automation Puts a Billion Jobs in Danger (2:00) - Big Economic Disruption: Big Data, AI and Robotics (3:40) - Is the Industrial Revolution Coming To An End For China and India? (6:10) - Where are the Investment Opportunities? (10:30) - IBM and Nvidia (13:00) - Elon Musk: Neuralink (16:30) - Biological Evolution: 3 Must Read Books (...
Irrational Demands: Of Anchors, Pearls, and Procrastination
March 21, 2017 21:47 - 19 minutes - 17.6 MBWhile Dan Ariely’s first book offered a slightly depressing view of human behavior, Payoff may change your life for the better. Please pick a time stamped topic below: (0:20) - Dan Ariely: Predictably Irrational (4:10) - Do first impressions get imprinted on us? (6:30) - Arbitrary Coherence: Why do we accept anchors? (12:00) - Are price tags anchors? (14:30) - Dan Ariely: Payoff (16:40) - What gets scheduled, gets done.
Brains Prefer Stories to Make Decisions
February 28, 2017 22:22 - 24 minutes - 22.6 MBWelcome back to the Mind Over Money podcast. I’m Kevin Cook, your field guide and storyteller for the fascinating arena of behavioral economics. I’m excited about today’s topics because we are going to talk about how our brains use stories to make decisions. In fact, after I tell you a few stories about brains and stories, you’ll start to wonder which came first – brains or stories! Please pick a time stamped topic below: (0:30) - How Storytelling helps us make decisions: Peter Gub...
The Most Important Market in the World
January 26, 2017 22:00 - 24 minutes - 22.5 MBWelcome back to Mind Over Money. I’m Kevin Cook, your field guide and story teller for the fascinating arena of Behavioral Economics. Today my guest is a trading coach who once worked in the field of “threat assessment” where he dealt with bank robbers, hostage negotiations and bomb threats. Now psychologist Andrew Menaker focuses on a pragmatic model to help traders create self-awareness, positive behavior change, and ultimately success in their chosen vocation. And I'm re...
The Evolution of Risk-Taking
January 17, 2017 22:43 - 30 minutes - 27.7 MBThe Evolution of Risk-Taking Trading is one of the hardest day jobs in the world – what drives those who succeed at it? Welcome back to Mind Over Money, I’m Kevin Cook, your field guide and story teller for the fascinating arena of behavioral economics. Today my guest is a PhD candidate from the University of Greenwich in London who is studying the risk-taking behavior of traders from the perspective of evolutionary psychology. Belinda Vigors wants to know if succes...
Inside the Mind of Bill Ackman As Valeant Collapsed
December 20, 2016 22:12 - 29 minutes - 26.7 MBHow one of the smartest minds on Wall Street was blinded by belief and abandoned due diligence VRX, CP, MTN, HLF, CMG Welcome to Mind Over Money. I’m Kevin Cook, your field guide and story teller for the fascinating arena of Behavioral Economics. I’m back after a 3-week bout with bronchitis. I’ve got a funny story about what I learned at the doctor that ties into a great neuroscience topic: how we acquire new skills. But first, let me preview our main topic for the show tod...
How Small Traders Win in the Era of Algos
November 22, 2016 22:37 - 21 minutes - 19.8 MBWhile Renaissance Technologies makes most other hedge funds look foolish, even the independent trader can copy their discipline NFLX, PANW Long-time followers of mine in this bull market know that every quarter I go over the holdings of hedge fund Renaissance Technologies because they were one of the early quant houses that made algo trading so successful and popular. The founder, Jim Simons, was a mathematics professor in the 1970s who never thought about the markets much....
Big Economic Shifts Challenge Your Decision-Making
November 15, 2016 22:44 - 30 minutes - 27.6 MBIn today's Mind Over Money podcast, I took a closer look at decision-making. Specifically, I wanted to explore what often gets in the way of good decision-making, especially when the financial landscape is shifting like it is now. And that means we have to focus on the cognitive biases, those mental short-cuts, filters, and processes that help us make decisions faster. Because those same short-cuts just as often short-change us from the best outcomes in everything from stock-pick...
Train Your Brain for Better Trading
November 08, 2016 22:44 - 23 minutes - 21.8 MBLearning how to use the 90% of brain insights underneath conscious awareness When Denise Shull earned her Masters in Neuroscience from the University of Chicago in 1995, she didn’t imagine she would become a go-to consultant and coach for world-class traders ten years later, much less for Olympic athletes this year. But that’s what has transpired in her career as someone deeply interested in human emotion and decision-making. In this episode of Mind Over Money, I invited Denise t...
Your Brain Wasn’t Made to Trade
November 01, 2016 21:57 - 22 minutes - 21 MBToday marks the kick-off edition of Mind Over Money, the only podcast that exposes the psychology of investing. I’m Kevin Cook, your field-guide and story-teller for the fascinating arena known as behavioral economics, which includes the sub-field behavioral finance and also draws in the related research from neuroscience, where brain imaging “sheds light,” if you’ll pardon the pun, on how we make decisions about money, uncertainty, and risk. Jason Zweig described these merging field...
Mind Over Money Promotion
October 19, 2016 21:20 - 23 seconds - 5.59 MB application/octet-streamThe psychology of investing has become such an important area of research that major hedge funds are building trading strategies around human behavioral patterns. In Mind Over Money, Kevin Cook explores the crossroads where markets and brains collide, delving into the two sciences – neuroscience and behavioral finance – that prove investors are often highly irrational when faced with economic decisions, uncertainty, and risk.