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Owen Rascovitch

πŸ‘€ Speaker
1951 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Expert Guest: Ted Richards

Say my rule is that I can't buy anything within three days of making the decision.

Australian Finance Podcast
Expert Guest: Ted Richards

And you sleep on it a few nights and you might find that you actually don't value those things that you

Australian Finance Podcast
Expert Guest: Ted Richards

Because you're trying to avoid that system one thinking that you were referring to.

Australian Finance Podcast
Expert Guest: Ted Richards

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.

Australian Finance Podcast
Expert Guest: Ted Richards

So Jason Zweig, who was a columnist and a fantastic author said,

Australian Finance Podcast
Expert Guest: Ted Richards

He had this book when he narrated, I think it was the Intelligent Investor, some anniversary edition.

Australian Finance Podcast
Expert Guest: Ted Richards

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%.

Australian Finance Podcast
Expert Guest: Ted Richards

And it's just such a simple nudge that you don't want to be selling a loser.

Australian Finance Podcast
Expert Guest: Ted Richards

He would just hold on to it to the end of the day and see what happens the next day.

Australian Finance Podcast
Expert Guest: Ted Richards

As painful as it is, it's his rule, and he made that, I suppose, before the fact.

Australian Finance Podcast
Expert Guest: Ted Richards

And it's just a little behavioural nuts to try and get you away from that system one thinking.

Australian Finance Podcast
Expert Guest: Ted Richards

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.

Australian Finance Podcast
Expert Guest: Ted Richards

That's great.

Australian Finance Podcast
Expert Guest: Ted Richards

Anything else that you want to ask Ted, Kate?

Australian Finance Podcast
Expert Guest: Ted Richards

Oh, thanks for having me.

Australian Finance Podcast
Expert Guest: Ted Richards

Yeah, it's not every day we get to have someone of your stature come in and meet with us.

Australian Finance Podcast
Expert Guest: Ted Richards

And not only that, just someone that's interested in finance and wants to come in and talk, Melbourne-based.

Australian Finance Podcast
Expert Guest: Ted Richards

It's pretty hard to find these days.

Australian Finance Podcast
Expert Guest: Ted Richards

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.

Australian Finance Podcast
Expert Guest: Ted Richards

Wonderful.