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The other F word
Manage episode 402347547 series 3466363
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Thinking and talking about failure can be tough, especially when it’s us who’s failing. But it’s important for us as individuals and investment teams to find a way to do this in an effective manner that allows us to both learn and evolve. In this episode of Decisions Nerds…
- Joe pits his inner Brian Blessed against an AI auto-editor
- We examine Joe’s framework for thinking about errors around investment beliefs, processes and outcomes.
- We then think about this in the context of broader research that thinks about different typologies of errors; basic, complex and intelligent.
- We then discuss the practical steps that can make life easier.
Chapters
1. Cultural Joe vs the autoeditor (00:00:00)
2. Why talking about failure is important (00:01:15)
3. Joe's framework (00:01:50)
4. Belief errors (00:04:05)
5. Changing beliefs - practical examples (00:06:23)
6. Process errors (00:09:14)
7. What stops us talking about behavioural problems (00:12:05)
8. Blaming others - a real life example feauting Joe's Teams' notications (00:14:25)
9. Outcome mistakes (00:16:45)
10. The pain of being an active investor (00:17:14)
11. Loss aversion and setting expectations (00:19:15)
12. Basic, complex and intelligent failures (00:20:30)
13. Complex failure in investment management (00:23:45)
14. Why we find it hard to talk about failure; confusion, aversion and fear (00:25:59)
15. Building Psychological Safety starting from zero (00:32:35)
16. If you could only do one thing.... (00:34:31)
13 episodes
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