E237 Olivier Sibony - How to Reduce Noise, Think Strategically and Make Smarter Investing Decisions

Olivier Sibony is a professor, author and advisor specializing in the quality of strategic thinking and the design of decision processes. Olivier is Professor of Strategy at HEC Paris. He is also an Associate Fellow of Saïd Business School in Oxford University, and has taught at London Business School, Ecole Polytechnique, ENA, IE Madrid, and other institutions. Previously, he spent 25 years with McKinsey & Company in France and in the U.S., where he was a Senior Partner. Tyler and Olivier’s discussion focused on noise, the unwanted variability in our judgement. Topics included understanding noise, remedies to reduce noise, and how we can make smarter investing decisions. Highlights include: Defining judgement, variability and unwanted variability Where noise comes from and why we’re susceptible to it  Understanding level, occasion and pattern noise The only way to remove noise entirely Techniques to reduce noise in investing, including leveraging the wisdom of crowds, weighing and comparing criteria uniformly and more Why it’s important to consider the cost of noise reduction before acting on it Noise versus cognitive bias How to make decisions in evolving, uncertain circumstances Why you should resist the temptation to learn too much from your mistakes Connect with Olivier: Website: http://www.oliviersibony.com LinkedIn: https://www.linkedin.com/in/oliviersibony/ Twitter: twitter.com/siboliv The following books were mentioned in the show: Noise by Olivier Sibony, Daniel Kahneman, Cass Sunstein Thinking Fast and Slow by Daniel Kahneman Churchill by Andrew Roberts Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.  In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you! This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities. If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com. We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.