230. Understanding our Financial Tendencies
On this episode of CFO at Home, Vince·s guest is Scott MacKenzie, author of The Lobster League, A Fable About Personal Finance. Scott and Vince dive into the concept of the book, which is designed as a fable to teach personal financial lessons through relatable stories, inspired by Scott·s extensive experience in the area of behavioral finance. They discuss how the human tendencies of herding and overconfidence can impact our investing. Scott also emphasizes the importance of having a clear set of personal priorities and goals, specifically by creating a bucket list to guide financial decisions. Like the book, our conversation offers valuable insights into personal finance for both money enthusiasts and those not as financially inclined. To learn more about Scott and The Lobster League, go the thelobsterleague.com
Key Topics:
01:10 The Story Behind 'The Lobster League'
04:00 Crafting a Financial Fable
05:54 Behavioral Finance Insights
08:56 Herding and Market Trends
21:22 Overconfidence and Fear in Investing
27:48 Creating a Personal Financial Vision
33:23 Conclusion and Final Thoughts
Key Links
Contact the Host - vince@thecfoathome.com
Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:
https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500
