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Why Using Data on Your Own Behavior Is Key to Improving Investment Decision Making
Enterprising Investor
English - August 19, 2015 12:53 - 7 minutes - 6.9 MB - ★★★★ - 50 ratingsInvesting Business News Business News cfa business cfacharter cfainstitute cfalevel1 finance financial investing news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What It Takes to Win on Wall Street: Proven Strategies
In episode #267, Clare Flynn Levy is founder and CEO at Essentia Analytics, a software firm that allows fund managers to capture data about their own behavior so they can improve their investment processes. In this interview, she discusses a fundamental problem that investment professionals share: they sell skill, but get paid for performance, and yet the two are not the same. Ms. Levy explains how and why it’s important for fund managers to keep track of their investment processes so they can learn to avoid, or minimize, behavioral biases in the future.