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 — https://itunes.apple.com/ca/podcast/t....
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram —   / rationalreminder  
Rational Reminder on X —   / rationalremind  
Rational Reminder on YouTube —    / channel  
Rational Reminder Email — [email protected]
Benjamin Felix — https://www.pwlcapital.com/author/ben...
Benjamin on X —   / benjaminwfelix  
Benjamin on LinkedIn —   / benjaminwfelix  
Cameron Passmore — https://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 YouTube Video —    • Home Country Bias  
Assuris — https://assuris.ca
Canadian Investor Protection Fund — https://www.cipf.ca/
The Money Scope Podcast — https://moneyscope.ca/
Professor Vanessa Bohns — https://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 — https://www.harvard.edu/
Analyst Institute — https://analystinstitute.org/
EveryDay Labs — https://www.everydaylabs.com/
The Behavioural Insights Team — https://www.bi.team/
Behavioral Science & Policy Association (BSPA) — https://behavioralpolicy.org/
Six Principles Checklist —
GPT-4 — https://openai.com/research/gpt-4
Women's Wealth: Investing Basics for Women Webinar — https://us06web.zoom.us/webinar/regis...

Books From Today’s Episode:

You Have More Influence Than You Think — https://www.amazon.com/dp/1324005718/
Writing for Busy Readers — https://www.amazon.com/Writing-Busy-R...
Index Funds: The 12-Step Recovery Program for Active Investors — https://www.amazon.com/Index-Funds-12...
The Elements of Style — https://www.amazon.com/Elements-Style...
The Psychology of Money — https://www.amazon.com/Psychology-Mon...
The Fund — https://www.amazon.com/Fund-Bridgewat...
Anatomy of a Breakthrough — https://www.amazon.com/Anatomy-Breakt...
The Score That Matters — https://www.amazon.com/Score-That-Mat...
The Algebra of Wealth — https://www.amazon.com/Algebra-Wealth...

Papers From Today’s Episode:

‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice’ — https://dx.doi.org/10.2139/ssrn.4590406
‘Global equity investing: The benefits of diversification and sizing your allocation’ — https://corporate.vanguard.com/conten...