The Psychology Of Successful Investors - Jonathan Baird and Lily Patrascu
Jonathan Baird is the publisher of the Global Investment Letter and has had a long career as a money manager, during which he managed several number-one ranked funds, including one that won the Lipper Award for being the top-ranked global equity fund in Canada in 2010. His expertise spans decades, and his insights into the psychology of successful investing are built on hard-won experience. In this episode of the Awakened Titans Podcast with Lily Patrascu, he discusses the emotional discipline required for investing, how investors can stay rational during volatile markets, and the cognitive biases that derail many investors.
About the Guest
I write and publish the Global Investment Letter (GIL). GIL is a monthly publication that covers major equity, bond, currency, and commodity markets. GIL is now 7 years old and has subscribers on all continents (except Antarctica). Its subscriber base is composed of investment professionals, family offices, high-net-worth individuals and medical and legal professionals. You may view sample issues by visiting my website: https://www.globalinvestmentletter.com/
The emphasis of GIL is on global macro considerations, which are currently having the greatest influence on global markets since WWII. There is an array of potential economic and geopolitical catalysts that I believe will produce both near-term and long-term volatility for societies and markets. Indeed, I believe the 2020s will come to be remembered for its volatility.
Along with discussing the current investment environment and prospects for markets, I am prepared to discuss the powerful role of investor psychology in determining investor success, along with pragmatic rules of thumb that I have found to be useful in mitigating risk and maximizing returns.
For more info about Jonathan Baird, visit: https://www.linkedin.com/in/jonathanbaird88/
Timestamp
0:00 Introduction to Podcast
2:54 Emotional Discipline in Investing
3:04 Strategies to Stay Rational
3:37 Impact of Market Sentiment
4:37 Managing Emotional Attachment
8:58 Role of Risk Tolerance
12:57 Balancing Long-term and Short-term Goals
15:51 Common Cognitive Biases and Solutions
20:28 Handling Mistakes and Losses
24:14 Dealing with Extreme Failure
26:46 Market Psychology and Strategies
29:10 Delaying Gratification
31:24 Adaptability in Changing Markets
33:54 Overcoming Overconfidence
36:29 Importance of Skepticism in Opinion
37:05 Role of Reading in Investment Success
37:25 Staying Resilient During Downturns
39:15 Mental Framework for Investors
41:11 Global Investment Letter Origins
42:08 Impact and Reach of the Global Investment Letter
44:43 Future of Global Investment Letter
45:20 Conclusion
About The Host
Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people.
Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: https://linktr.ee/lilypatrascu & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate.
If you want to be featured on this podcast, and you're a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast -
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Awakened Titans Podcast - with Lily Patrascu shares mindblowing conversations with influential business titans so you can manifest abundance, love, joy, success, through exponential business growth, innovative products and services, time/money management, property investment, funding, startups, quantum awakening, quantum manifestation, quantum healing, quantum miracles, motivation, high achiever habits and more!
