Navigating the Intersection of Data and Decision-Making in Finance w/ William Kinlaw | Tao of Chao 24

In life, we all operate in a varying degree of ignorance or blindness when deciding the future. Information is the critical ingredient - even though the final decision is based on one’s judgment and interpretation of the information. In theory, the more relevant and accurate information we have, the higher the probability of us making the “right” decision about the future.  
 
 Even though there is no perfect prediction about how others would react to the same set of information, there should be an information advantage for those with more timely information in hand. Philip’s discussion with Will Kinlaw at State Street Bank introduces what State Street is doing about collecting more real-time information so that asset allocations, asset owners, and asset managers can make better-informed decisions.

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Philip Chao
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DISCLOSURE: Views expressed in the Tao of Chao podcasts are individual opinions and they do not represent the employers of each guest or the firm with which each guest is associated. Our podcasts are for educational and informational purposes only and should not be deemed or viewed as investment advice or recommendations. Please consult your personal financial advisor, investment expert, or investment fiduciary before taking any actions about your plan and investments.

Chapters

• 0:00 Cold Open
• 0:36 Introducing William Kinlaw
• 2:17 State Street Bank - Global Investment Firm
• 5:29 How investors can make great decisions
• 6:36 Fiduciary responsibility over client investments
• 7:43 Boston Advantage: State Street Bank's Research Partnerships
• 12:15 Interpreting 2024 US Election impact on markets
• 15:09 Number 1 investor fear with Trump 47 Presidency
• 17:40 Investors should not utilize electoral polling
• 22:01 Did the Fed miss key inflation data?
• 22:48 Partnering with price data services to predict markets
• 26:32 What Central Banks miss waiting for perfect data
• 30:41 Optimistic signs of slowing inflation
• 34:08 Monitoring consumer prices to monitor economic inflection points
• 36:55 Bond vigilantes
• 38:25 Credit card analogy
• 39:13 Big data to measure head winds and tail winds
• 44:07 Behavioral Risk Scorecard
• 46:19 Using Investor Behavior and Media Sentiment
• 50:28 Bitcoin markets and media sentiment
• 52:33 Measuring FOMC Sentiment
• 54:16 Investing Signals vs. Noise
• 56:46 Challenges of AI, Deep Fakes, and Fake News
• 1:00:35 Wrapping Up
• 1:01:31 Legal Disclaimer
• 1:02:02 EoS