In this episode, John Mihaljevic hosts a discussion of:
Questions to ask management; doing industry research: Elliot Turner responds to a listener question on the investment research process -- how to talk to management teams, how to utilize industry experts, and how to develop industry-specific knowledge. We discuss some of our favorite questions for CEOs and how we try to get smarter on various industries.
Hindsight bias and overconfidence: Phil Ordway observes that the exuberant market environment has led many investors to become overly confident, thereby displaying both hindsight bias and unwarranted certainty about the future. We discuss some of the causes and pitfalls of overconfidence and the need to maintain a common-sense approach to investing.
Enjoy the discussion!
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