The Madness of Markets (Alex Edmans) | #431

After a country is knocked out of the world cup, the market falls by about a half a percent the next day. Makes you really think that People are just not well equipped to make important financial decisions. Sometimes you don't need unique information, all you need is patience and a longer horizon. Welcome to episode 431 of the Rational Reminder Podcast. I'm Ben Felix, Chief Investment Officer at PWL Capital.

And I'm Cameron Passmore, Chief Executive Officer at PWL Capital. Today we are joined by Alex Edmonds, Professor of Finance at London Business School, who has previously appeared on this podcast in episodes 192 and 361. And in addition to being such a great guest Alex is also the author of the books Grow the Pie. may contain lies and his new book The Madness of Markets.

Came out last month. And in this conversation, we talk about why a football loss can sink a nation's stock market, why identical assets can trade at different prices. And the habits that help investors avoid the common mistakes that many of us make. Stick around to the end to hear our thoughts on the conversation, but for now, let's go ahead to our talk with Alex.

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