Who Causes Stock Market Anomalies? (w/ Victor Haghani) | #429

Understanding these extrapolators and how much they can affect behavior creates a lot more humility in terms of what the markets can and might do. It's this more gradual thing. Momentum is a binary. With return chasing, it's this more gradual thing. I think as an investor, you just don't need to be following the news very much at all. Welcome to episode 429 of the Rational Reminder Podcast. I'm Ben Felix, Chief Investment Officer at PWL Capital. And I'm Cameron Passmore, Chief Executive Officer of PWL Capital.

And today, Ben, we're joined by Victor Hagani, who previously appeared in episode two seventy. Victor's the founder of Elm Wealth, which is a wealth advisory firm in the US. And he has over forty years experience studying financial markets. Stunning and working at him and he's got real

practical experience too. In the episode, we discuss how different types of investors impact the market, when leverage does or does not make sense, and what financial advice Victor would give his younger self. And of course we'll talk about our thoughts of the conversation at the end, but for now let's get to the episode with Victor. Victor Hagani, welcome back to the Rational Reminder Podcast. Thank you, great to be here. For a second time, I'm honored.

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