23 March 2022
This week we speak to Allison Schrager, author, Bloomberg columnist, and senior fellow at the Manhattan Institute. Allison specialises in the intersection of economic policy and finance, leading to some fascinating recent insights into behavior and risk.
We discuss some of Allison’s recent work such as: 'Americans need to learn to live more like Europeans', 'Do people actually make reasonably good risk decisions if given the right information', 'Why the biggest risk in investing is risk-free assets' and 'Should people even be allowed to do stock picking.'
- A lot has changed since we last spoke to Allison 2 years ago, we get a quick update, and Allison’s risk-related reflections on the last two years including a reflection on her theory that humans can actually make reasonable decisions on risk if data is presented correctly.
- Allison got a lot of flack for her recent piece, should Americans need to learn to live more like Europeans, she talks us through this.
- Startup Boom Is the Kind of Risk-Taking Americans Need, Alison talks us through her article and how she thinks risk-taking underpins the economy.
- How Safe Assets Became Investors' Biggest Risk, Allison explains risk-free real yields and why these are so important for investors.
- Stock picking shouldn’t be allowed for everyone, We discuss the case for and against stock picking by individuals.
Upcoming projects: we discuss what Allison is looking at/focusing on in the next 12 months, and why she’s struggling for the title of her next book.
What's one thing to take away
Humans can make pretty good decisions about risk, if the data is presented correctly.
The most underappreciated thing about investing?
That it’s actually about risk management.
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