The Richards Report

Observations from the recent election and what could have influenced voters decision making when it came to vote on election day. Also a preview of my upcoming episode where I speak with Nick Hungerford, the founder of Nutmeg, Europe's largest robo-adviser.

My guest for this episode is Cade Massey, a professor at The Wharton School at the University of Pennsylvania and a consultant to NFL teams. We discuss the latest in decision making in sport, people management and investing. In particular we discuss; - Two of his papers on 'algorithm aversion'. How people can incorrectly trust humans more than a rules based algorithm. - His research with Richard Thaler(Nobel Prize 2017) around the value of draft picks in the NFL. 'The Losers curse' and why it pays to trade down and not up for higher picks? - What we can learn from the Patriots sustained success in the US - The dangers of the overconfidence effect - Why it's actually easier to pick a great footballer than a great CEO This episode is bought to you by Six Park, Australia's leading online investment manager www.sixpark.com.au Twitter: @tedrichards25 Facebook: @richardsreport

Here is a preview for an upcoming episode I have with Cade Massey, a professor at the Wharton school at the University of Pennsylvania in the US. Cade teaches on decision making, influence and negotiation. I came across some of his research a few months ago and found his work fascinating. We discuss the two research papers Cade has completed on 'algorithm aversion' and how professional sporting teams are improving in their decision making in the US. This episode is bought to you by Six Park, Australia's leading online investment manager www.sixpark.com.au

This episode I'm speaking with Erika Jonsson (Head of Communications at Six Park) to answer questions from listeners. Questions have came in over twitter, Instagram, Facebook and email too. We discuss why an April fools joke with bitcoin could have been an incredible trade, and the benefits of using Six Park portfolios compared to a multi asset ETF from Vanguard. We also discuss topics including what have been the most popular guests on the podcast, and ultimate guests I'd like to have on the show. This episode is brought to you by Six Park, Australia's leading online investment management service. www.sixpark.com.au

Mark has lived in New York and Washington managing billions of dollars over multiple asset classes. He has experience investing in both bull and bear markets and shares with listeners some of the lessons/advice he has learnt over the years. After prestigious positions with Tudor Investment Company and The World Bank Mark now sits on the investment advisory committee of Six Park. www.sixpark.com.au

Preview of an upcoming episode where I speak with former senior member of the World Bank, Mark Nicholson. Mark has lived in New York and Washington managing billions of dollars over multiple asset classes. He has experience investing in both bull and bear markets and shares with listeners some of the lessons/advice he has learnt over the years. Mark now sits on the investment advisory committee of Six Park. www.sixpark.com.au

Have you heard of the FIRE movement before? Well, it's exploding in popularity all over the world, and the Aussie Firebug is on a mission here in Australia. The Aussie Firebug is all about achieving FIRE. This "FIRE" is actually an acronym for financial independence, retire early. At a time when people are people are holding off their retirement in to their late 60s or 70s and working much longer than they would have liked to, there's a growing community of people that are doing the opposite. They're aiming to retire in the 40s, maybe even their 30s. And it's no pipedream... they're on a mission to make it happen, and putting things in place to make it a reality. This is no small group of people doing this either. This is growing in popularity and getting bigger and bigger each year. The philosophy is all about how much money you save, not how much money you make, so don't think it's only wealthy people that can have such a goal if life to retire in their 30s. In this episode I speak with the Aussie Firebug about what he is doing to become financially independent. This episode is brought to you by Six Park, Australia's leading online investment manager. www.sixpark.com.au

Preview of upcoming episode with the Aussie Firebug

This episode I'm speaking with Hugh Van Cuylenburg from The Resilience Project. The name might not be familiar to you but he has had a huge impact on some of the most famous names in Australia. From Australian cricketer Steve Smith, to Brownlow medallist Dusty Martin to Australian netball captain, Caitlin Bassett. I'm also excited for this episode because Hugh has actually had an impact on my life too. The origins of The Resilience Project begun when Hugh was volunteering in India after a cricket tour over there. He volunteered at a school for a couple of weeks that didn't even have running water, but he noticed that the people were the happiest that he ever met despite having relatively little. Unknowingly this would lead him onto a journey to find out where real happiness comes from. What did he find out? They practice gratitude, empathy and mindfulness every day; Gratitude: The ability to pay attention to what you've got, not what you don't have. It's not waiting to be happy when you have the next best thing (be it some new shoes, or a new car). Empathy: The ability to put yourself in someone else's shoes. The more empathetic you are, the more likely you are to do something kind. Hugh says the older we get the more we actually move away from looking out for others. Mindfulness: Can be a buzzword in society these days but mindfulness is the ability to be calm and present. Often it's sitting still, and potentially using an app like Headspace, Calm, Buddhify or The Resilience Project's app to help calm your body. After India, Hugh went onto do a Masters to look into where happiness comes from. He started doing presentations for free at schools about what he learnt and the ripples of Hugh's message started to spread. It has spread to schools, businesses and professional sporting teams all over Australia. It has grown so much that as of mid January 2019 he is already booked up for the whole of the year. If you would like to book Hugh to come speak at your school, workplace or sporting club then unfortunately you'll have to book in 2020. However, you can still buy tickets to some of his larger events throughout the year. (See show notes available on the Six Park website) This episode is powered by Six Park, Australia's number 1 online investment manager www.sixpark.com.au

Ed is a real "slashie". He's a former Australian cricketer/an ABC cricket commentator/investor/entrepreneur. Ed prepared for the transition from cricket to finance by completing a Bachelor of Commerce and a Masters in Applied Finance whilst he was still playing cricket. (So as you've probably picked up by now he's certainly very driven). We discuss a business he co-founded called Tripod Coffee that makes compostable Nespresso coffee pods. We also discuss his role at TDM Growth Partners, a fund that invests in private and public companies. This episode is powered by Six Park, Australia's leading online investment manager www.sixpark.com.au For show notes visit www.sixpark.com.au