Home Country Bias, Seg Funds, and Todd Rogers on Writing for Busy Readers | Rational Reminder 295
HTML-код
- Опубликовано: 2 июн 2024
- Meet with PWL Capital: calendly.com/d/cpws-jyp-znp
In this episode, we explore the intricate world of home-country bias in investment decision-making and learn the secret sauce to effective communication and writing. We start by discussing the definition and influence of home-country bias and explore why investors tend to overweight their portfolios with domestic equities despite global opportunities. We dissect the home bias puzzle, the rationality behind bias, and the conditions under which home-country bias makes sense. Then, Mark McGrath joins us to unpack the complexities of segregated funds and why it might not be the investment product you were hoping for. Following that, we sit down with Todd Rogers, a prominent behavioural scientist and professor, to discover the science behind effective communication. He explains how we adapt to different communication styles and techniques over time, the foundations of effective communication, and much more. Be sure to tune in as we unravel the complexities of investing, navigate the world of behavioural science, and bring you the tools you need for financial success!
Timestamps:
0:00:00 Intro
0:01:38 Main Topic: Home Country Bias
0:14:48 Eugene Fama Clip
0:15:14 Main Topic Continued
0:31:25 Mark to Market
0:53:37 Episode 206: 60 Seconds
0:54:24 Special Guest: Todd Rogers
1:32:18 Aftershow
Links From Today’s Episode:
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t....
Rational Reminder Website - rationalreminder.ca/
Rational Reminder on Instagram - / rationalreminder
Rational Reminder on X - / rationalremind
Rational Reminder on RUclips - / channel
Rational Reminder Email - info@rationalreminder.ca
Benjamin Felix - www.pwlcapital.com/author/ben...
Benjamin on X - / benjaminwfelix
Benjamin on LinkedIn - / benjaminwfelix
Cameron Passmore - www.pwlcapital.com/profile/ca...
Cameron on X - / cameronpassmore
Cameron on LinkedIn - / cameronpassmore
Mark McGrath on LinkedIn - / markmcgrathcfp
Mark McGrath on X - / markmcgrathcfp
Home-country Bias RUclips Video - • Home Country Bias
Assuris - assuris.ca
Canadian Investor Protection Fund - www.cipf.ca/
The Money Scope Podcast - moneyscope.ca/
Professor Vanessa Bohns - www.vanessabohns.com/
Professor Vanessa Bohns on X - / profbohns
Professor Vanessa Bohns on Instagram - / profbohns
Professor Vanessa Bohns on LinkedIn - / vanessa-bohns-33219710
Professor Vanessa Bohns on Goodreads - / 21035835.vanessa_bohns
Todd Rogers on LinkedIn - / todd-rogers-6ba447
Todd Rogers on X - / todd_rogers_
Harvard University - www.harvard.edu/
Analyst Institute - analystinstitute.org/
EveryDay Labs - www.everydaylabs.com/
The Behavioural Insights Team - www.bi.team/
Behavioral Science & Policy Association (BSPA) - behavioralpolicy.org/
Six Principles Checklist -
GPT-4 - openai.com/research/gpt-4
Women's Wealth: Investing Basics for Women Webinar - us06web.zoom.us/webinar/regis...
Books From Today’s Episode:
You Have More Influence Than You Think - www.amazon.com/dp/1324005718/
Writing for Busy Readers - www.amazon.com/Writing-Busy-R...
Index Funds: The 12-Step Recovery Program for Active Investors - www.amazon.com/Index-Funds-12...
The Elements of Style - www.amazon.com/Elements-Style...
The Psychology of Money - www.amazon.com/Psychology-Mon...
The Fund - www.amazon.com/Fund-Bridgewat...
Anatomy of a Breakthrough - www.amazon.com/Anatomy-Breakt...
The Score That Matters - www.amazon.com/Score-That-Mat...
The Algebra of Wealth - www.amazon.com/Algebra-Wealth...
Papers From Today’s Episode:
‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice’ - dx.doi.org/10.2139/ssrn.4590406
‘Global equity investing: The benefits of diversification and sizing your allocation’ - corporate.vanguard.com/conten... 
Хобби
![KFF Singapore Badminton Open 2024 | Alfian/Ardianto (INA) [7] vs. Liang/Wang (CHN) | QF](http://i.ytimg.com/vi/g0QGafkoT2o/mqdefault.jpg)
I went specifically to look for The Six Principles Checklist and the Women’s webinar links. Please fill in-thanks! 🙏🏼☺️
I WOULD LOVE AN RR VEST!!!!!
Well, Novo Nordisk’s market cap counts half of Denmark’s GDP, the stock has performed so well last decade.
Can you link to Mr. Rogers 6 principals GPT4 trained model?
As far as arguments for home country investing bias in Canada, I was hoping you would consider the extreme tax argument. You did mention that investing in Canadian corporations involves getting a dividend tax credit. However, you didn't mention that for Canadians without a pension or employment income, they could receive well over 40K of income tax free. I'm sure there would be an argument for those Canadians to have a much higher Canadian home bias. I really hope you consider this argument the next time you bring up this topic. Maybe the growth of a international diversified portfolio is greater than getting your dividends tax free over time, maybe not.
that very intersting. how much for euro zone allocation would be? 35-50 :D
i wounder how much you should allocate in your own homecountry in the eu as well.
canada is small compared to europe and yet you should have the same 30% to 40% bias as well.
i have a hard time understanding this idea.
and i dont get why europe would be considered homecountry? what happens when the eu breaks up? what happens if you put a higher weight on the eu as a english person?
why is vanguard allocating 35% to GB before they left the eu?
I'm from Europe, and I rarely invest in EU stocks. The U.S. economy is infinitely better, and now with the sanctions on Russia, even more of a reason to avoid EU stocks.
@@p.c.h.6721True....and my cash and house is in the EU too.
If you can get Ray Dalio to come on RR it would be amazing! After reading his books I would say I'm a fan, but I still enjoyed the episode on the book that dissed him. There is always more to the story than what any one person says and you have to be open minded to opinions that don't agree with your own...
@@precisi0n86if you are determined to blindly defend an idea that you hold, how are you going to know if its right or true?
As a US resident, with the US being 40% of the global stock market by market cap. Do we just stop at 40% market cap weight? Or do we overweight that too given the reasons of foreign treatment, tax inefficiency , and relative standing?
i am not a us resident that beeing said: i solved it by simply owning 2 etf's.
one of my home country and one world etf.
this way i can just say 30% is my home country and 70% is the rest of the world.
sometimes in my investment lifetime this could be bigger and sometimes smaller, who knows.
@@robinspanier7017 that’s the rule of thumb right, but US is the unique exception where they make up 40% of the world market, and assuming I want a home country bias, than that 35% optimal portfolio may not be optimal for US residents. I’m sure it’s not groundbreaking or anything but I am curious about it.
the US is morethan 60% of the stockmarket?
@@stiffeificationno, it currently makes up 42% of the global market cap.
@@sexysexminecraftnot of the free float, the only relevant metric. the US is 62% in the msci ACWI index.
Ray Dalio on RR would be hilariously awkward - I hope it happens 😂
Is there a poutine and maple syrup CPI? Asking for a friend. 😉
Yes please have a talk about Bitcoin!!!
Unfortunately, Todd can't succinctly name his 6 principles. I could only jot down 4 of them from the interview:
1. Less is more.
2 Fewer ideas.
3. Fewer requests.
4. Subject line: hey
Does anybody else find Mark's microphone to be very sibilant? That segment was physically unpleasant to listen to for me.