Managing Your Investor Mindset/Behavioral Finance

Episode #82: Investor Psychology: How Your Behavioral Biases Sabotage Your Long-Term Investment Plan

Investor Psychology: How Your Behavioral Biases Sabotage Your Long-Term Investment Plan

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss how investors’ behavioral biases sabotage their long-term investment plan.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #82!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will discuss how your behavioral biases sabotage your long-term investment plan.

Enjoy!

2)   INVESTOR PSYCHOLOGY: HOW YOUR BEHAVIORAL BIASES SABOTAGE YOUR LONG-TERM INVESTMENT PLAN:

François Doyon La Rochelle:

So today, we will be tackling one of the most fascinating and perhaps the most frustrating parts of investing, which is investor psychology.

We have mentioned this regularly on the podcast and in many ways throughout the years, but the biggest risk to our portfolios isn’t the economy, interest rates, or price levels of the markets; most of the time, it’s us. Our behavioral biases shape how we save, how we invest, and they often lead us to make decisions that feel right in the moment, but that will hurt us in the long run…Read More

Links:

- The Value of Good Financial Advice — Capital Topics By James Parkyn – PWL Capital

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #80: Financial Bubbles – Investing Beyond the Fear of Bubbles

Financial Bubbles – Investing Beyond the Fear of Bubbles

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss financial market bubbles history and perspectives.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #80!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we discuss financial market bubbles history and perspectives.

Enjoy!

2)   FINANCIAL BUBBLES - INVESTING BEYOND THE FEAR OF BUBBLES:

François Doyon La Rochelle:

I will start this off for our Listeners. 

Our recent Podcasts have addressed the History of Market Cycles, long-term capital Market Returns, and Asset Allocation, reviewing the weight of US Equities vs International.  We addressed how recent Capital Market returns have significantly exceeded Long Term Expected Returns, which may lead to lower future returns.   

The next related Topic is about Valuation because the markets are now at all-time highs.  The barrage of negative headlines is reaching a crescendo – this is September, historically the worst month for markets. We are seeing headlines flat out stating we are in a bubble.

At the end of the day, what is critical for Investors is how they will manage their emotions in this sea of crystal ball forecasting.  We have been consistent in telling our listeners that it’s imperative they tune out the noise in the financial media.  Although it is easier said than done. 

This leads us to today’s topic, which is about the history of Financial Market Bubbles, History, and perspectives.  So, James, where would you like to start?.…Read More

Links:

- Are We Due for Another Financial Bubble? What History Teaches Us About Market Crashes - WSJ By William Goetzman – The Wall Street Journal (A subscription is needed to view this article)

- Bubble Investing: Learning from History By William Goetzmann – CFA Institute Research Foundation

- The Financial Bubble Delusion: Why Crash Fears Cost Investors More Than Crashes Themselves By Robin Powell - TEBI

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #79: Are your expectation of Market returns too high?

Are your expectation of Market returns too high?

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle welcome back PWL’s Senior Researcher, Raymond Kerzérho, to discuss expected returns.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #79!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss expected returns with Raymond Kerzerho, PWL’s Senior Researcher.

Enjoy!

2)   ARE YOUR ESPECTION OF MARKET RETURNS TOO HGH:

François Doyon La Rochelle:

As I mentioned in my introduction, to help us tackle today’s topic, we have invited Raymond Kerzhéro, PWL’s Senior Researcher.

So, good morning, Ray. It’s great to have you back on the podcast.

Raymond Kerzérho:

Good morning, guys. Glad to be here.…Read More

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #78: Is it time to change your allocation to US Stocks

Is it time to change your allocation to US Stocks

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss a frequent question they are receiving from their clients: “Should we reduce our allocation to US Stocks?”. 

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #78!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we discuss if it is time to change your allocation to U.S. stocks.  

Enjoy!

2)   IS IT TIME TO CHANGE YOUR ALLOCATION TO U.S. STOCKS:

François Doyon La Rochelle:

On our last Podcast, we reviewed the performances of asset classes for the first half of 2025.  Today, we are going to discuss a question we are receiving from our clients: Should we reduce our allocation to US Stocks?  As our regular Listeners know, U.S. stock markets have significantly outperformed international stocks (both Developed and Emerging) since the global financial crisis of 2008-09…Read More

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

SUBSCRIBE

Episode #76: History of Market Cycles in Nominal and Real Returns

History of Market Cycles in Nominal and Real Returns

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle invited Raymond Kerzerho, Senior researcher at PWL Capital, to discuss his recently published blog posts that cover the historical performance of stocks and bonds over the last 55 years.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #76!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the history of market cycles with Raymond Kerzerho, Senior Researcher at PWL Capital.

Enjoy!

2)   HISTORY OF MARKET CYCLES IN NOMINAL AND REAL RETURNS:

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I'm very good. Thank you. So hello to you, Raymond, welcome back to the podcast. It's a real pleasure to have you back.

Raymond Kerzérho:

Good morning, everyone.

François Doyon La Rochelle:

So we've invited Raymond to join our podcast today because he has recently published 2 blog posts covering the historical performance of stocks and bonds over the last 55 years.One of these blogs covers market cycles in nominal returns, and the other in real returns. These blogs are very interesting to us, so we felt that they would be of interest to you, our listeners.We thought once again that it would be fun to have Raymond, the author join us on the podcast to have him explain his findings.…Read More