Dr. Crosby is one of my favorite writers and speakers on the subject of Behavioral Finance. This podcast is only 10 minutes long. I enjoyed it a lot and I think you will too.
Synopsis of this podcast episode: It’s counterintuitive, but a growing body of research suggests that you just don’t like cheap things. In this episode, we discuss how price as a proxy for quality can be in dangerous in investing and give clues as to how behavioral investors can sever this spurious connection.