Teaminvest Wealth Builders
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Teaminvest Wealth Builders
The Psychology Behind Every Investing Mistake | Wealthy+Wise Ep21
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Every investor knows they should buy low and sell high. Almost no one consistently does. In this episode, Nadine Blayney explores why with Andrew Coleman from Teaminvest and AMP Chief Economist Dr Shane Oliver.
Andrew traces eight Nobel Prize-winning behavioural finance papers — from Herbert Simon's 1978 work on bounded rationality to Kahneman and Tversky's 2002 prospect theory — to explain why we are, as he puts it, "predictably irrational." Shane describes how crowd psychology creates boom and bust cycles, how even knowing that doesn't make it easy to act against the crowd, and where current markets sit in the euphoria spectrum.
Together they outline practical tools: the importance of self-awareness, checking your own psychology, and why a structured, data-driven process is the most reliable defence against the biases we all carry.
In the second half, Andrew puts five ASX-listed stocks through the Conscious Investor® screen — Ingham's, Metcash, BHP, Xero, and A2 Milk — with characteristically direct verdicts. And he answers Sarah's viewer question on WiseTech at length.
Key Segments & Timestamps
• 0:20 — Why "buy low, sell high" fails in practice
• 3:04 — Boom-bust cycles and the role of crowd psychology
• 4:49 — Why contrarian investing is psychologically difficult
• 6:56 — Eight Nobel-winning behavioural finance papers explained
• 17:46 — Current market: where are we in the cycle? (Dr Shane Oliver)
• 18:34 — Narrative fallacy, confirmation bias, endowment effect
• 20:53 — Stock screens: Ingham's, Metcash, BHP, Xero, A2 Milk
• 31:33 — Viewer Q&A: WiseTech — key man risk, debt blowout, culture warning
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💡 More Teaminvest:
For more insights into Teaminvest's disciplined, research-driven approach to investing, visit our website and learn how to become part of our investor community.
📩 Join the conversation
Have thoughts or questions? Email us at info@teaminvest.com.au
🎧 Available on YouTube, Apple Podcasts and Spotify.
🎙️ Enjoyed this episode?
Don’t forget to subscribe, rate, and leave a review on your favourite podcast platform. It helps us grow and reach more Wealth Builders like you.
💡 More Teaminvest:
For more insights into Teaminvest’s disciplined, research-driven approach to investing, visit our website and learn how to become part of our investor community.
Follow us on: LinkedIn | YouTube | Instagram | Facebook
📩 Join the conversation
Have thoughts or questions? Email us at info@teaminvest.com.au