Today on the podcast, Michael Covel talks with Carl Richards of Behavior Gap fame. Richards is also a Certified Financial Planner. Behavior Gap, featured in the New York Times and often posted by Covel, features sketches filled with insights into finance and into life. The Behavior Gap brings good investing and behavioral economics together in an understandable, digestible format. Covel and Richards discuss Richards’ new radio venture; how Richards came to start The Behavior Gap; outliers, and living your own bell curve; risk on a daily, weekly, and monthly basis; the definition of radical self-awareness; mindfulness and awareness as applied to our financial decisions; habit, action, feeling, and thought; simplicity and effectiveness; government intervention in the markets; quantitative easing; buy and hold in Japan; loss aversion and the pain of loss; and feeling loss more than the joy of gain. More information on Carl Richards is available at behaviorgap.com.
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