We solve the mathematical problem of causing an enormous increase in one's bank account balance through human effort.
The podcast therefore has two themes, mathematics and human behaviour. Together, behavioural investing. We take a first principles approach by summarising scientific studies and interviewing psychology and mathematics researchers. This will show us the first principles. We will then reason from these first principles to the best strategy to cause optimal human investing behaviour.
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We solve the mathematical problem of causing an enormous increase in one's bank account balance through human effort.
The podcast therefore has two themes, mathematics and human behaviour. Together, behavioural investing. We take a first principles approach by summarising scientific studies and interviewing psychology and mathematics researchers. This will show us the first principles. We will then reason from these first principles to the best strategy to cause optimal human investing behaviour.
S2E2 📦 Passiv: Successful Financial Software Without Resorting to Dark Psychology
The Behavioral Investor
35 minutes 15 seconds
4 years ago
S2E2 📦 Passiv: Successful Financial Software Without Resorting to Dark Psychology
Nick McCullum (https://twitter.com/NickJMcCullum) is Director of Growth at Passiv and a great source of advice about Python scripting on Twitter. Passiv is "Autopilot for your Portfolio: Passiv turns your brokerage account into a modern portfolio management tool. Build your own personalized index, invest and rebalance with the click of a button, and seamlessly manage multiple accounts." (https://passiv.com/).
Full disclaimer, Nick approached us about the possibility of an interview and sponsorship. We were curious about how to start a successful finance software company using behavioral investing ideas so agreed to the interview. It turns out the Passiv team is serious about developing a platform that fosters application of good behavioral investing principles, so we will also have him back for a second interview to give a tutorial about the platform. Keep your ears peeled for that.Â
Some links to topics discussed:
The $FRDM ETF, which "...seeks to invest in countries with higher human and economic freedom scores." (https://freedometfs.com/frdm/).
"Q: How Would a Mathematician Invest?" by popular ETF provider Van Eck (https://www.vaneck.com.au/how-would-a-mathematician-invest).
"Why Market Index Investing Works" by Matt from Breaking the Market, a blogger whom we subsequently interviewed, check the feed (https://breakingthemarket.com/why-market-index-investing-works/?subscribe=success#blog_subscription-2).
"Success in investing doesn't correlate with I.Q. once you're above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing." (Business Week, July 5, 1999)" (http://www.jameslau88.com/warren_buffett_and_his_wisdom.htm).
The Behavioral Investor
We solve the mathematical problem of causing an enormous increase in one's bank account balance through human effort.
The podcast therefore has two themes, mathematics and human behaviour. Together, behavioural investing. We take a first principles approach by summarising scientific studies and interviewing psychology and mathematics researchers. This will show us the first principles. We will then reason from these first principles to the best strategy to cause optimal human investing behaviour.
