
Masters in Business An Interview With Jason Zweig: Masters in Business (Audio)
Sep 11, 2015
In this insightful discussion, Jason Zweig, a Wall Street Journal columnist and expert on behavioral finance, shares his journey into financial journalism. He recounts his first stock-buying experience at age 16 and the early lessons he learned. Zweig examines the impact of social media on financial reporting, highlighting its risks and benefits. He also delves into his latest book, *The Devil's Financial Dictionary*, offering humorous definitions that provide critical insights into personal finance and investing. His thoughts on the importance of skepticism and mentorship in journalism are especially enlightening.
01:19:30
First Stock Purchase Story
- At 16 Jason bought 100 shares of MAC AF using a technical tip from a book and initially profited.
- His parents and broker intervened, leading him to sell early while the stock later did well.
Simple Portfolio Rules
- Diversify, buy-and-hold, minimize costs and taxes, and rebalance regularly.
- Keep your hands in your pockets and avoid trading on noise.
Regression To The Mean Matters
- Markets regress to the mean so countercyclical advice helps long-term investors.
- When assets surge, be cautious; when assets fall, consider increasing exposure.
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Intro
00:00 • 1min
Jason Zweig's Background and Career Path
01:06 • 6min
First Stock Experience and Early Investing Lessons
06:39 • 3min
How Social Media Changes Financial Journalism
09:25 • 4min
The Devil's Financial Dictionary: Inspiration and Process
13:41 • 4min
Examples from the Devil's Financial Dictionary
17:20 • 1min
Research, Historical Roots, and Audience
18:37 • 3min
Editing The Intelligent Investor and Meeting Mentors
21:11 • 2min
The Repetitive Truths of Personal Finance
22:52 • 2min
What Good Financial Advice Looks Like
25:20 • 1min
Why Bad Advice Persists
26:39 • 2min
Prominent Young Financial Writers Jason Reads
28:34 • 2min
Influential Writers and Behavioral Economics Origins
30:29 • 3min
Concerns About the Decline of Traditional Reporting
33:19 • 5min
Citizen Journalism and Competing Business Models
38:05 • 2min
Frequent News Updates and Investor Performance
40:12 • 3min
Neuroeconomics Versus Behavioral Economics
43:11 • 2min
The Problem with Predictions and Learning from Feedback
45:14 • 5min
Anticipation Versus Receiving Money
50:40 • 3min
Working with Daniel Kahneman on Thinking Fast and Slow
53:31 • 5min
Debiasing the Planning Fallacy and Project Timelines
58:10 • 5min
How to Surface and Combat Cognitive Biases
01:02:45 • 3min
Early Mentors and Editorial Lessons
01:05:52 • 2min
Books That Sharpen Critical Thinking
01:07:32 • 3min
Investors Who Shaped Jason's Perspective
01:10:03 • 1min
The Need for Better Filters and Curation
01:11:21 • 1min
Using Twitter to Seek Disconfirmation
01:12:41 • 1min
Advice for Aspiring Financial Journalists
01:13:55 • 2min
What Jason Wishes He Knew Earlier
01:15:44 • 3min
Where to Find Jason's Work and Historical Notes
01:18:44 • 2min
Outro
01:20:33 • 1min

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Sept. 11 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Jason Zweig, a columnist for the Wall Street Journal and the author of "Your Money and Your Brain." They discuss social media and financial journalism. This interview aired on Bloomberg Radio.
See omnystudio.com/listener for privacy information.

