About this episode
Psychological studies show that humans overweight tangible factors and underweight intangible ones when making decisions.
This talk shows how these biases affect the stock market - it focuses excessively on short-term profit, but ignores environmental, social and governance (ESG) factors. As a result, all investors - not just ESG investors - can profit by using intangible factors that are not fully valued by the market.
It also explains how investors can uncover tell-tale signals of CEOs' confidence in their firm and invest accordingly.
A lecture by Alex Edmans 27 October
The transcript and downloadable versions of the lecture are available from the Gresham College website:
https://www.gresham.ac.uk/lectures-and-events/hidden-investment
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege
Instagram: http://www.instagram.com/greshamcollege
This talk shows how these biases affect the stock market - it focuses excessively on short-term profit, but ignores environmental, social and governance (ESG) factors. As a result, all investors - not just ESG investors - can profit by using intangible factors that are not fully valued by the market.
It also explains how investors can uncover tell-tale signals of CEOs' confidence in their firm and invest accordingly.
A lecture by Alex Edmans 27 October
The transcript and downloadable versions of the lecture are available from the Gresham College website:
https://www.gresham.ac.uk/lectures-and-events/hidden-investment
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege
Instagram: http://www.instagram.com/greshamcollege
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