In today’s episode, William Green speaks with Emily Haisley, who heads the Behavioral Finance team at BlackRock, the world’s largest asset manager, with $14 trillion under management. Here, she explores the critical intersection of investing & psychology, explaining how she helps elite fund managers identify & counteract their behavioral biases, regulate their emotions, optimize their physiological state, avoid systematic mistakes, & take risks that align with their edge. This conversation offers powerful insights on how to win the inner game of investing. 
IN THIS EPISODE YOU’LL LEARN:
(00:00:00) Intro
(00:00:40) How Emily Haisley became head of Behavioral Finance at BlackRock
(00:23:52) How her team helps fund managers recognize their behavioral biases
(00:28:51) How to counteract a notoriously destructive bias, myopic loss aversion
(00:39:56) Why disposition bias leads investors to hold losers & sell winners
(00:44:31) Why it’s helpful to experience investment pain, not just learn about it
(00:53:46) How investment teams can profit by “beating up” their decision makers
(00:56:00) How the best investors benefit by subjugating their own ego
(01:00:14) What practical steps Emily recommended to one elite investment team
(01:17:48) Why she views “tainted altruism” as “the saddest bias”
(01:25:27) What investors can do to manage stress & its impact on their decisions
(01:29:35) How BlackRock uses AI to simulate decision making amid extreme volatility
(01:35:32) Why she’s learned to embrace uncertainty, false starts, mistakes, & change
(01:52:33) How 3 new year’s resolutions nudged Emily toward a happier life
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
<ul>
 <li>Inquire about William Green’s <a href="https://williamgreenwrites.com/masterclass/">⁠⁠⁠⁠⁠⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>.</li>
 <li>Benjamin Graham’s book <a href="https://www.amazon.com/Intelligent-Investor-3rd-Ed/dp/0063356724?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.KlxwzEYN6nItyVP_hxVDHL8eAZ0t52Haq8bXV9AGyrc0XMrFshrGrvYW2ZZDAWjk_09Da_B2AlHeu0JgU3RuO885w0WmxeBgOtj_kR5461BSVFcOq4wT5EXrlJYOqRxTDpQn6D3-TRfNKpCRpJtOv5wKPFo1oofZghZ3Pf01w-YNbpqGWB2J9BKqGTvfrfUI8dIJpfP3GfFIvRBk2Kk6scLMoXn-0QuzZgVxo9gU76I.h2yBQ8vDn9WuachG_4_jCsZmp6ferPj5T4DW9eD_JQA&qid=1782420342&sr=8-1&linkCode=ll2&tag=tipnetwork-20&linkId=23afc9422f54636d0985dd01ca217de4&language=en_US&ref_=as_li_ss_tl">The Intelligent Investor</a>.</li>
 <li>J. Krishnamurthi’s book <a href="https://www.amazon.com/Right-Livelihood-J-Krishnamurti/dp/0062506099?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.P08m6fBZXMV_lqiMN3B8GM8KMdak_q4xdWL2HNRzz1RYGQ_yFNXlOU6Md0Vdu77IXAUn2joMoa9-6d23Bt7flHEOE87IVXNP687NOKXgY_kabkU9ek0LZ5YCcPQG02dyoSuxYiNB3Q-yI8j0Od9cd7mCS80SJyf2zVJULfkxdHwSPoimdvUagPZ2dml8u7_D4fFME9egy1oBBwMfCtslIK5rDorJF7Vzch_w5F6usXw.Qvm9x4lfBkJYEgNsV6-IgPdbjCxlm06I5yMDNZn5gjs&qid=1782420296&sr=8-1&linkCode=ll2&tag=tipnetwork-20&linkId=1efea7cd051c5e590f18e8a475fe0d59&language=en_US&ref_=as_li_ss_tl">On Right Livelihood</a>.</li>
 <li>William Green’s podcast interview with <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/betting-better-in-markets-life-w-annie-duke/">Annie Duke</a>.</li>
 <li>William’s book, <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll2&tag=tipnetwork-20&linkId=2309d2def265d01582d8a3d5acd3bb01&language=en_US&ref_=as_li_ss_tl">⁠Richer, Wiser, Happier⁠</a>.</li>
 <li>Follow William Green on <a href="https://twitter.com/williamgreen72">⁠⁠X⁠⁠</a>.
</li>
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 <li>Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<a href="https://premium.theinvestorspodcast.com/">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.</li>
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