LIFE WITH MIKEY

Mikey Taylor

"Life With Mikey" is a dynamic podcast hosted by Mikey Taylor and Michael Michalov. Mikey Taylor, a former professional skateboarder turned real-estate-investing mogul, dives into the world of money, business, and culture. Drawing from his unique journey from skating the streets of LA to managing over $200 million in real estate, Mikey offers insightful discussions on achieving financial freedom and navigating the complexities of modern business. Michael Michalov, COO at COMMUNE boasts a robust 25-year journey in the financial services and real estate sectors.

  1. Jul 7

    The 5 common behavioral biases that can influence investment decision-making

    The biggest threat to your portfolio may not be the market. It could be the story your brain is telling you. In this episode of Life With Mikey, we explore five common behavioral biases that can influence investment decision-making. Using historical examples including investor behavior during periods of heightened interest in cryptocurrencies and real estate markets between 2020 and 2022, we examine how cognitive biases can affect financial decisions. You'll learn practical self-assessment frameworks used in behavioral finance to help evaluate your own decision-making process, including a reflective question that can help you reassess whether certain holdings continue to align with your investment objectives, risk tolerance, and overall strategy. In this episode: The story trap that moved money into crypto Why the people fall for confirmation bias The coffee mug experiment The client who couldn't sell his Facebook stock The three assumptions that broke real estate deals Cows, sharks, and why headlines may influence your risk radar Chapters 0:50 - The Story Trap That Moves Money 3:22 - "Real Estate Always Goes Up" — Remember? 6:15 - Is Your Brain Defending Its Own Lies? 9:33 - The Algorithm May Impact Your Research 12:35 - The Coffee Mug That Explains Your Portfolio 14:47 - The Client Who Wouldn't Sell Facebook 17:55 - The Bias That Broke Deals 22:18 - Write the Failure While you Evaluate Your Investment 23:37 - Cows, Sharks, and Your Risk Radar

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About

"Life With Mikey" is a dynamic podcast hosted by Mikey Taylor and Michael Michalov. Mikey Taylor, a former professional skateboarder turned real-estate-investing mogul, dives into the world of money, business, and culture. Drawing from his unique journey from skating the streets of LA to managing over $200 million in real estate, Mikey offers insightful discussions on achieving financial freedom and navigating the complexities of modern business. Michael Michalov, COO at COMMUNE boasts a robust 25-year journey in the financial services and real estate sectors.

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