Robert Hagstrom is a distinguished author and investor with 35+ years of experience in the equity market. Our conversation centers around his gem "The Last Liberal Art", explaining how disciplines such as biology, philosophy, and psychology can help us improve as investors. We also gain new reading inspiration as well as advice for younger listeners.The episode was recorded on February 2, 2022. For more info about the podcast, go to the episode page.—————————————Episode Chapters(00:00) Intro to Robert Hagstrom and the book(07:07) Benefits of learning from several disciplines(13:06) Biology - Complex adaptive systems(17:32) Physics - Market predictions(19:32) Disciplines for ”The Last Liberal Art 2”(20:48) Sociology - Self-organization vs. Central banks(24:22) Psychology - Myopic loss aversion, irrationality, mistakes(32:03) Philosophy - Pragmatism and Wittgenstein’s Theory of Language(36:51) Multidisciplinary money management(40:28) Book inspiration and advice for younger people—————————————Books MentionedInvesting: The Last Liberal Art - Robert HagstromBooks by Daniel Kahneman & Amos Tversky The Wisdom of Crowds - James SurowieckiTractatus - Ludwig WittgensteinPhilosophical Investigations - Ludwig Wittgenstein (posthumous)Narrative Economics - Robert ShillerThe Metaphysical Club - Louis MenandOliver Wendell Holmes - Stephen BudianskyImmunity to Change - Lisa Laskow Lahey & Robert KeganBooks by Michael MauboussinBooks about Sherlock Holmes - Sir Arthur Conan DoyleStrategic Intelligence for American World Policy - Sherman KentArguably - Christopher Hitchens—————————————More on Robert HagstromEquityCompass: https://equitycompass.com/Books: https://www.amazon.com/kindle-dbs/entity/author/B000AP8X3Q—————————————About the podcastIntro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-booksTwitter: https://twitter.com/IB_Redeye—————————————What is Investing by the Books?Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis. Visit the website: http://www.investingbythebooks.com/Follow on Twitter: https://twitter.com/Investbythebook—————————————What is Redeye?Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Visit the website: https://www.redeye.se/Follow on Twitter: https://twitter.com/Redeye_—————————————DisclaimerNotice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se