Clay Finck chats with Scott Nations about previous stock market crashes and all of the biases that investors have that lead them to losing money and achieving poor returns. They also cover how to think about risk in your portfolio, Scott biggest lessons studying stock market crashes, how we can act rationally during a financial crisis, how to invest in today’s crazy market, and so much more! Scott Nations is the president of Nations Indexes, a financial engineering company which creates volatility products for professional investors. He spent a decade as a Contributor to CNBC and appears on-air regularly to discuss markets, current economic events, and the investing outlook. He is also the author of "A History of the United States in Five Crashes" and "The Anxious Investor - Mastering the Mental Game of Investing". IN THIS EPISODE, YOU'LL LEARN: 00:00:00 - Intro 00:03:36 - How we can avoid using our emotions to make investments in the stock market. 00:09:03 - How to think about risk in your portfolio. 00:12:16 - What the disposition effect is and why you might want to think twice before selling your winners. 00:20:31 - What biases investors should most aware of. 00:26:51 - Some of Scott’s biggest lessons from the rise and fall of the 1999 Tech Bubble. 00:32:41 - How recency bias leads investors to overpaying for a company. 00:43:59 - How we as investors can act rationally during a financial crisis. 00:54:15 - Scott’s recommendation for how to invest in today’s market. ☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping — that’s more than 40 cups of coffee for free! To get started, take the quiz at https://drinktrade.com/TIP, and start the journey to your perfect cup. ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/stock-market-bubbles 📖BOOKS MENTIONED: - The Anxious Investor by Scott Nations: https://amzn.to/3clBVT8 - A History of the United States in Five Crashes by Scott Nations: https://amzn.to/3yGaf2U Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😁 💡OTHER RESOURCES - Scott’s Website: https://www.scottnations.com - Scott's Twitter: https://twitter.com/ScottNations - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast 🐦Twitter: https://twitter.com/tip_network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.