Podcast: Many Happy Returns

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Cognitive biases can impair investment decisions and cause us to make costly mistakes. We discuss the different biases, how to mitigate their impact, and even how to profit from bias in the market. We discuss loss aversion, the endowment effect, anchoring bias, the bandwagon effect, survivorship bias, and confirmation bias. In the Dumb Question of...
How will sanctions on Russia affect markets? Western governments have imposed unprecedented economic sanctions on Russia for its invasion of Ukraine. Central bank reserves have been frozen. Banks have been cut out of the SWIFT payment network. And Russian stocks have been shorn from equity indices. We look at what impact these moves will have...
Adding satellite investments to your core investment portfolio To prevent meddling with the core investment portfolio, many investors set aside a small amount of money to invest in risky satellite investments. Ramin talks us through some of the assets he has on his ‘Market Crash Shopping List’ and when he might consider adding them to...
How to build a core-satellite investment portfolio A popular approach to investing is to construct a core portfolio of long-term investments. But what investments should go into this core? We consider the case for stocks, bonds, cash and gold, and how they complement each other. We also discuss what to look for in an index...
Can ESG funds save the planet while delivering strong investment returns? ESG funds claim to be able to keep the environment – and your conscience – clean. And all while delivering better returns than the broad market. We dig into how ESG indexes are constructed, what returns we can expect, and whether the environmental claims...
Big Tech companies have had a wild earnings season. Meta – the parent company of Facebook – suffered the largest-ever one-day loss in market value for a US company. The very next day, Amazon notched the largest-ever one-day gain in history. What is going on to cause such dramatic price moves? And what does the...
Can factor funds outperform the stock market? Ramin and Michael look at whether investing in factors such as value, momentum or quality can boost returns. Which stocks do these funds buy? What are the risks? And how might we incorporate them in our portfolios? In our regular Dumb Question of the Week, we ask whether...
Are we in an asset bubble? Stocks, property and many other investments look expensive at the moment. Ramin guides us through different ways of looking at valuations to see just how expensive. If we are in a bubble, what could cause it to pop? And how can we protect ourselves as investors? Topics 00:00 –...
In the first ever episode of Many Happy Returns, Ramin and Michael discuss the current surge in inflation. How bad is it? How long will it last? And how might it affect our stock, bond and gold investments? In our regular Dumb Question of the Week, we ask whether legendary stockpicker Warren Buffett’s success is...