34: MarketFox's Daniel Grioli – Decision Making, Emotions and the Psychology of Investing

Daniel Grioli is the voice behind many of our podcasts, but he is also a professional investor and adviser himself. Having worked within Australian pension funds, in his last capacity as deputy CIO, Daniel understands the issues institutional investors are facing. In this podcast, [i3] Insights editor Wouter Klijn delves into these issues, not only from an investment point of view, but we also address organisational challenges and behavioural ones. Overview Daniel Grioli podcast: 2:00 Who is the MarketFox? 7:20 Do you still find psychology applicable in finance? 11:00 Is swearing off emotions entirely a good idea? 13:00 Emotions and decision making 15:00 Institutional investors are far too focused on optimising 17:00 Attributes of good investors. 18:00 Self-awareness and group awareness 21:00 Starting a business out of frustration 25:00 Technology allowed me to start a business in a way I couldn't 10 years ago 26:00 Optimisers are very sensitive to the assumptions you put in, so you get the answer that you want. 27:00 Too many marginal positions. 31:00 Finding a clients edge. An example in the property market 34:00 Risk appetite is context dependent 37:00 Managing expectations 40:00 Tips for investors in institutions and for entrepreneurs wanting to start their own advisory business 47:00 Asset management progresses one funeral at a time.