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Understanding our Financial Tendencies

On this episode of CFO at Home, Vince’s guest is Scott MacKenzie, author of The Lobster League, A Fable About Personal Finance. Scott and Vince dive into the concept of the book, which is designed as a fable to teach personal financial lessons through relatable stories, inspired by Scott’s extensive experience in the area of behavioral finance. They discuss how the human tendencies of herding and overconfidence can impact our investing. Scott also emphasizes the importance of having a clear set of personal priorities and goals, specifically by creating a bucket list to guide financial decisions. Like the book, our conversation offers valuable insights into personal finance for both money enthusiasts and those not as financially inclined. To learn more about Scott and The Lobster League, go the thelobsterleague.com 00:10 The Story Behind 'The Lobster League' 03:00 Crafting a Financial Fable 04:54 Behavioral Finance Insights 07:56 Herding and Market Trends 20:22 Overconfidence and Fear in Investing 26:48 Creating a Personal Financial Vision 32:23 Conclusion and Final Thoughts Key Links thelobsterleague.com Scott MacKenzie, MBA, CFP®, CIMA® | LinkedIn Contact the Host - vince@thecfoathome.com Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpr...