13 min listen
Dr. Richard Smith - The Stock Market as a System
Dr. Richard Smith - The Stock Market as a System
ratings:
Length:
49 minutes
Released:
Apr 15, 2021
Format:
Podcast episode
Description
Dr. Richard Smith believes that risk literacy is essential not only for independent investors; it’s essential for anyone looking to succeed in today’s exploding digital marketplaces. Pulling from his expertise in mathematics and technology, Dr. Smith advises his clients on how to navigate the noise and distractions presented by the media and social platforms, allowing them to direct their attention to the things that matter most in their personal & investment lives. Dr. Smith studied mathematics at UC Berkeley and earned a PhD in systems science from the Watson School of Engineering at SUNY. He serves as chairman of the board and executive director of the Foundation for the Study of Cycles and is a regular columnist and guest on outlets such as CNN, BBC News, MarketWatch, Forbes and NASDAQ.com.Tune in to hear:- What is systems science and how might it be applied in a financial context?- As a society, has our thinking become more systemic or more siloed in the past 20 years?- Productivity is highly correlated with humane structures in the workplace - why do we seem to be so averse to this idea and see humanity and productivity as opposite sides of a spectrum?- How is global uncertainty, and our attitudes towards uncertainty, shaping the markets today?- Not needing the money in your investment portfolio for life expenses greatly improves investment success. How can we make this truth pragmatic and attainable for people who do need the money?- At what point do we run with the herd temporarily, even if we disagree in some respects?- What can we learn from market cycles?- Get a sneak peak into Dr. Smith’s upcoming book ‘The Risk Manifesto.’Web: www.drrichardsmith.comCompliance Code: 1237-OAS-04/12/2021
Released:
Apr 15, 2021
Format:
Podcast episode
Titles in the series (100)
Humankind's Greatest GIft Is Also Its Greatest Liability: If bees organize by innate mandate and chimps through tight-knit social interactions, the miracle of human ascendance in the animal kingdom owes to a penchant for behaving in accordance with social narratives. To put it bluntly, we act as if the stories we make up are real. As Harari writes in the magisterial Sapiens, “As far as we know, only Sapiens can talk about entire kinds of entities that they have never seen, touched or smelled.” A monkey can say, “There is a caribou by the river” but could never communicate that, “The caribou by the river is the spiritual guardian of our city.” This ability to communicate about the unreal allows us to create all manner of social structures that help bring about predictable human behavior and that reliably breed trust. The State of Alabama, the Catholic church, the Constitution of the United States of America, the inalienable civil rights of man: none of these things are “real” in the by Standard Deviations with Dr. Daniel Crosby