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| Name | THINKING FAST AND SLOW SUMMARY (BY DANIEL KAHNEMAN) |
| Video Uploader | Video From The Swedish Investor |
| Upload Date | This Video Uploaded At 03-10-2018 22:33:29 |
| Video Discription | Support the channel by getting Thinking Fast and Slow by Daniel Kahneman here: https://amzn.to/2MlaWXf As an Amazon Associate I earn from qualified purchases. In this animated video summary, I will present the top 5 takeaways (for investors!) from the psychological biases presented in Daniel Kahneman’s Thinking Fast and Slow. Part 2 of Thinking Fast and Slow: http://bit.ly/2SiFPhQ Top 5 takeaways from Thinking Fast and Slow: 00:00 Intro 00:54 1. Fast and slow thinking - System 1 & 2 introduced 03:03 2. The priming effect 05:59 3. The anchoring effect 08:18 4. The framing effect 11:32 5. Cognitive ease/substitution TL;DW: - Humans have two decision making systems, and problems start to occur when system 1 is used in a system 2 situation (or the other way around) - Avoid being a victim of priming (in the stock market) by establishing a system with predefined criteria for buying and selling stocks. Don’t let your surroundings influence you too much. - Stocks are NOT cheap just because they have gone down in price – it’s only the anchoring effect that makes us believe so - How you frame something can make a huge difference on how the message is perceived. A number presented without its proper context may be quite misleading. - Because of cognitive ease, we tend to substitute some difficult questions for simpler ones. “Invest in company A?” becomes “Do I like company A?”. My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox. cuj2Kq8rvGw |
| Category | Education |
| Tags | Thinking fast and slow | Daniel Kahneman | Kahneman | Daniel Kahneman Thinking fast and slow | Thinking fast and slow summary | think fast think slow | Thinking fast and slow review | Entrepreneur | Rich | How to get rich | How to build wealth | Make money | Rich habits | Think rich | Book summary | Money | how to make money | how to invest | personal finance | investing | how to become a millionaire | investing for beginners | how to invest in stocks | investing strategies | the Swedish investor |
