Rebecca Hotsko chats with Colin Slabach, who is a professor at NYU, Faculty lead for Masters in Financial Planning program. They talk about what behavioral finance is, his thoughts on the major anomalies that persist in markets, his views about the top behavioral biases investors make and so much more!  IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro03:08 - What behavioral finance is and how it differs from mainstream financial theory. 05:49 - What behavioral finance helps us understand and the implications it has on markets. 07:33 - Some of the major anomalies that persist in markets and the behavioral explanations as to why they exist. 17:17 - Why is it difficult for the average investor to profit from one of these strategies? 24:17 - The top behavioral biases investors make and how they impact investing decisions and outcomes. 24:17 - Colin’s advice on how we can overcome negative behavioral tendencies. 33:54 - Behavioral explanations as to why there are market cycles and deep recessions. 33:54 - Why behavioral biases are hard to profit from in markets. And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out: Colin's Profile.  Related Episode: Listen to MI234: How to Create a Recession Proof Financial Plan w/ Dave Alison, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSGet a FREE audiobook from Audible.Get personalized, expert advice that helps you see things clearly with ATB.Take stock of your finances and investing strategy with Betterment.Let an expert do your taxes from start to finish so you can relax with TurboTax.Talk to your clients about Desjardins Responsible Investment today and support what’s right for society and what’s good for business.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Find the perfect piece of jewelry for life’s special moments with Blue Nile. Save up to 50% off today!Support our free podcast by supporting our sponsors.Connect With Colin: Twitter | LinkedIn Connect With Rebecca: Twitter | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.