Bias, Process and Better Investment Decisions – featuring Nick Kirrage

In this episode of Thinking Aloud hosted by Maud Bridel, Portfolio Manager of the Brown Advisory Global and International Value Select strategies, Nick Kirrage, discusses Michael Mauboussin’s Think Twice and the lessons it offers investors about investment decision-making, bias and process. Nick reflects on building a new investment team from scratch, the difference between a great company and a great investment, and the importance of humility, data and self-awareness in navigating markets. He also shares why human behavior remains central to value investing and recommends John Kenneth Galbraith’s “The Great Crash” as a timeless read for investors.---The views expressed are those of the author and Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. Past performance is not a guarantee of future performance and you may not get back the amount invested. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes only.The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients.