Why Smart Investors Still Make Bad Decisions: Alex Edmans

About this episode

Rational investors are supposed to price assets correctly. But investors are people, and people are irrational – which is exactly why bubbles form, herds stampede, and markets overreact to information that doesn’t deserve it. Alex Edmans is Professor of Finance at London Business School. He started on the trading floor at Morgan Stanley before completing a PhD at MIT as a Fulbright Scholar, and has since become one of finance’s most prominent public communicators through bestselling books, f...