I’m not Jewish but I have found sound much value in subscribing to this podcast. This is episode was especially insightful and I’m grateful for the content you guys are sharing. Thank u.
0:14: 🧠 The speaker realized that studying finance did not prepare them for the irrational behavior of investors and decided to learn about behavioral finance. 6:53: 😮 Our perception can be easily biased, leading to incorrect judgments and decisions. 14:24: 🤔 Representation bias is a common cognitive bias that influences decision-making based on what is visually represented or perceived. 22:08: 💰 The concept of mental accounting and how people make decisions based on different scenarios involving money. 29:26: 💰 Mental accounting affects people's decision-making when it comes to spending money and investing. 35:59: 😳 People often make irrational decisions when it comes to money, prioritizing emotions over logic. 42:26: 💡 Regret plays a significant role in investment decisions, causing people to avoid taking action and leading to missed opportunities. 49:07: 📊 Anchoring effect can lead to biased decision-making based on irrelevant numbers. 55:12: ✅ The speaker discusses cognitive biases that can affect financial decision-making. 1:01:39: 📢 The host thanks sponsors and promotes their products, asks for feedback, and mentions upcoming episodes in Israel. Recap by Tammy AI
I know it would be probably hard and near impossible for Naftali to have a podcast channel or make more RU-vid videos due to all the work he does at JP Morgan Chase but it's always amazing to watch and hear him speak.
Wow, Naftali Horowitz is simply the best I feel privileged to listen to his teachings and one of the best episodes ever! Thank you so very much Indeed!
I listen to all of Naftali’s video 20+ times - every time I learned something new! I’ve only found about 5 videos on RU-vid of him speaking - would love more. keep teaching!!!
Yes he is a great teacher. He dispels are the myths about money decisions. I would like for Kosher money to sponsor a trip to Israel every 2 years with Shalom Tours so everyone can meet up.🎉🎉🎉❤❤❤
Let's assume the cost of the ball is represented by "x" in dollars. According to the given information, the bat is $1.00 more expensive than the ball. So, the cost of the bat would be "x + $1.00". Together, the bat and the ball cost $1.10. Therefore, we can set up the equation: x + (x + $1.00) = $1.10 Simplifying the equation: 2x + $1.00 = $1.10 Subtracting $1.00 from both sides: 2x = $0.10 Dividing both sides by 2: x = $0.05 Hence, the ball costs $0.05.
Anchoring has a big effect on people salaries. Often when asking for a raise or changing jobs we ask for an amount based on what we are currently making instead of asking for as much as we think we can get.
Shalom to you all brothers and sisters. Mr Naftali is the real deal and I can attest and relate to everything he said. I have learned to hard way but over the years my mindset about the value of money vs time completely shifted. And until you get that Ahah moment the easiest and simplest things to do are oftern the hardest things to do however all worth it at the end. Good luck to you all and God bless. Shalom
This man and the teachings of the Torah have been a blessing to me. I purchased his book and it’s helped me improve many areas of my life. I can’t wait to sit down and watch the entire video.
I would like to express my heartfelt gratitude to your channel and for the opportunity to listen to Naftali Horowitz for his captivating and enlightening presentation. Thank you for sharing your wisdom.
Thank the algorithms this was recommended to me. Been binge spending since a death in the family. Advice I needed to hear, even if it wasn’t all the advice I needed to hear.
Presenting something as a bargain to trick you into buying something is a very easy to spot trick. It is because it’s a well and commonly known sales technique.
Great insight..and actually frightening how gullible the human being can be. But, knowing and being aware of our faults can help us overcome them. These ideas and concepts can be applied to many area of life. The ending about "regret" was one of the strongest messages. Fear really is the only thing to fear...and then walk through. Continued Yeshar Koach for your excellent and I mean EXCELLENT work!
To make a long lesson short and to the point, don’t buy single stocks! Buy all in one ETF’s that are covered separately such as jepi, HYLD, svol and fire 🔥 your broker!
Im a 44 year old trucker for Costco in NJ and Ive been really focusing on building my cash reserves and spending less. When it comes to money, I am scared of it more than I have ever been, since I've built up more than I've ever had before. Fear of losing it and having to start over. I actually deal with fear in many aspects of my life that prevents me from taking any risk at all.
Thank you for always sharing valuable insight on money Naftali and LL team. I watch videos and support those who can build bridges and understanding in humanity now vs further divide. Let’s respect each other’s views and beliefs. We share ~99% DNA incl with all life. Namaste 🙏
One day after video in the morning I realised that I used the similar sign of mental laziness for my interview process. I never realised there such thing exist, and it was still possible to get thru but only by people who love the work and know approaches well. This is such novel information for me. Unknown unknown. Thank you for sharing this video.
Thank you, For Sharing This Amazing and, Intellectually Behavioral of Financial Literacy very much impress with your Teaching Brother, Thank you Kosher Money., Blessings and, Great Health., to everyone at Kosher Money.
Regarding the Heloc check, I can see why someone would pull the money to have it liquid and pay a "low" interest rate when the bank can close the HELOC anytime.
I had a flooring store, when there were things that wouldn't sell, I would mark it up then put it on sale back to its original price and it would fly out the door. It always amazed me.
Hey I got the ball and bat one right (I skipped the second one) using algebra. But only because I figured it was a trick question. Haven't done algebra in ages. As for the video, it's old news but vital. Not sure it has practical application however, since people don't easily change their minds.
44:00 minutes 😮! But note,sometimes we have to burn the ships to get off the shore and make new discoveries. 57:00 minutes anchors sometimes prevent new discoveries. Not your gut, but current prospects, current inflation and market value. 🎉 Get out of bad investments. Losses are deductions come tax time.
the shares question i actually do this and i don t care if it goes up or down , if it goes up my existing holding goes up , if it goes down i could potentially buy them back cheaper, either way i have lowered my risk
