#388: Recessions are terrifying. Market crashes often bring out the worst in people’s anxieties and fears. This fear triggers us to act even more irrationally than usual – which can lead to making expensive mistakes in our investment portfolios. In today’s episode, Scott Nations, who spent his career studying market volatility, describes some of the most common cognitive biases and irrational behaviors that investors make. He shares tips on how to master the mental game of investing, especially in turbulent times. For more information, visit the show notes at https://affordanything.com/episode388 Learn more about your ad choices. Visit podcastchoices.com/adchoices

#386: We all have our secrets. We keep some secrets from bosses, colleagues and clients, like the fact that we hope to retire early, change careers, or start a business. We keep other secrets from friends and family, like our income, net worth, spending habits and investing mistakes. Research from around the world shows that we tend to keep the same types of secrets – around 38 common varieties, including secrets about finances, ambitions, beliefs, habits, unpopular opinions, mental health, trauma, addiction, and drug use. These 38 common types of secrets fall into three categories: (1) moral secrets, which we fear will either cast judgment on us or will cause harm to another; (2) relational secrets, which we fear will harm our relationships; and (3) goal and ambition secrets, related to career, business and finances. In today’s episode, Columbia University professor Dr. Michael Slepian discusses the secret life of secrets. Dr. Slepian is the Sanford C. Bernstein & Co. Associate Professor of Leadership and Ethics at Columbia Business School. Prior to that, he was a visiting scholar at Stanford University. His research focuses on the social costs of secrecy. What impact do secrets have on our lives and health? What are the hidden costs of keeping quiet? Are there certain things that are better left unsaid? What should we share, with whom, and when … especially when there are career, social and financial repercussions to revealing information? Dr. Slepian joins us today to share his insight. Enjoy! For more information, visit the show notes at https://affordanything.com/episode386 Learn more about your ad choices. Visit podcastchoices.com/adchoices