In this episode of Fireside Markets, host James Osborne discusses behavioral finance and the impact to investors with The Motley Fool’s Morgan Housel. We discuss narrative fallacy, cognitive errors, the difficulty of long-term thinking and what investors can do to reduce their mistakes.

Items mentioned in this podcast:

• Dean Williams’ speech mentioned by Morgan
• Noah Smith on Efficient Markets
• Morgan Housel Interviews Robert Shiller:
• This blog on the impact of your formative years
• Carl Richards, The Behavior Gap
• John Nofsigner: The Psychology of Investing
• Daniel Kahneman: Thinking Fast & Slow
• Dan Ariely: Predictably Irrational