Owen Rascovitch
π€ SpeakerAppearances Over Time
Podcast Appearances
Say my rule is that I can't buy anything within three days of making the decision.
And you sleep on it a few nights and you might find that you actually don't value those things that you
Because you're trying to avoid that system one thinking that you were referring to.
And probably the final thing I'd say is if you are investing is just have, yeah, just, I guess, some rules around the intraday movements of your investments.
So Jason Zweig, who was a columnist and a fantastic author said,
He had this book when he narrated, I think it was the Intelligent Investor, some anniversary edition.
He had this rule where he wouldn't sell a share, and mostly he's an index fund investor, but he wouldn't sell a share if it fell more than 5%.
And it's just such a simple nudge that you don't want to be selling a loser.
He would just hold on to it to the end of the day and see what happens the next day.
As painful as it is, it's his rule, and he made that, I suppose, before the fact.
And it's just a little behavioural nuts to try and get you away from that system one thinking.
And in addition just to, you know, see no evil, do no evil in terms of just automating everything, it can also be good to have those checklists.
Anything else that you want to ask Ted, Kate?
Oh, thanks for having me.
Yeah, it's not every day we get to have someone of your stature come in and meet with us.
And not only that, just someone that's interested in finance and wants to come in and talk, Melbourne-based.
It's pretty hard to find these days.
So, well, as we wrap up, just tell our listeners how they can get in touch with Sixpark and find you on social media, et cetera.