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S2E8 ? Grit Perpetuates Wealth: Jagdeep Mavi

S2E8 ? Grit Perpetuates Wealth: Jagdeep Mavi

FromThe Behavioral Investor


S2E8 ? Grit Perpetuates Wealth: Jagdeep Mavi

FromThe Behavioral Investor

ratings:
Length:
47 minutes
Released:
Mar 27, 2021
Format:
Podcast episode

Description

In this second part of our interview with Jag, he turned the tables and interviewed us. Here he showed his wealth of experience in finance by prodding us to find something deeper than merely aspirational purchases like Lamborghinis. He warned us that inspiration is more durable as a motivator. Have a listen for the path he directed us down with his line of questioning.

As always, here are some links to topics discussed during the session so you don't have to Google them yourselves:


Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years - https://www.amazon.com/Family-Fortunes-Build-Wealth-Years/dp/1118171411
Is it True that 40% of Americans Can’t Handle a $400 Emergency Expense? - https://www.cato.org/blog/it-true-40-americans-cant-handle-400-emergency-expense-0
Canadians and their Money: Key Findings from the 2019 Canadian Financial Capability Survey - https://www.canada.ca/en/financial-consumer-agency/programs/research/canadian-financial-capability-survey-2019.html
Square Kilometre Array - https://www.skatelescope.org/
Earliest Record of Accounting - https://fremont.edu/history-of-accounting/
France CAC 40 Stock Market Index - https://tradingeconomics.com/france/stock-market
Black Walnut Trees, grow black walnut wood for profit - https://treeplantation.com/black-walnut.html
How Beeple Crashed the Art World - https://www.newyorker.com/tech/annals-of-technology/how-beeple-crashed-the-art-world
Stashing Your Art in a Tax Haven Can Be Dicey - https://www.barrons.com/articles/stashing-your-art-in-a-tax-haven-can-be-dicey-1445663281
Behind Closed Doors: A Look At Freeports - https://itsartlaw.org/2020/11/03/behind-closed-doors-a-look-at-freeports/
The Compound - https://docs.google.com/spreadsheets/d/1k0IDctrpzyLjFFjYqTiPXZuSTwYFJdK-QZQ3AG859Dw/edit#gid=485472545
The Average Canadian Salary in 2020 - https://www.jobillico.com/blog/en/the-average-canadian-salary-in-2020/
Personal Income in Australia - https://www.abs.gov.au/statistics/labour/earnings-and-work-hours/personal-income-australia/latest-release
The Selfish Gene - https://en.wikipedia.org/wiki/The_Selfish_Gene
Memes - https://en.wikipedia.org/wiki/Meme#Dawkins
Positive Psychology and Familial Factors as Predictors of Latina/o Students’ Psychological Grit - https://journals.sagepub.com/doi/abs/10.1177/0739986315588917


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Released:
Mar 27, 2021
Format:
Podcast episode

Titles in the series (27)

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.