))
The other F word
Manage episode 402347547 series 3466363
Content provided by Paul Richards & Joe Wiggins, Paul Richards, and Joe Wiggins. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Richards & Joe Wiggins, Paul Richards, and Joe Wiggins or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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)
12 episodes
Share
