Investing Lessons: From Baseball to Bitcoin and Brené Brown

Michael Falk, CFA, a partner at the Focus Consulting, applies the lessons he learned as a competitive baseball pitcher to investment teams and discusses the importance of creating a sell discipline for losers and winners in an investment portfolio, his many writing projects, and living with ALS, or Lou Gehrig's disease. ____

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►Transcript: https://cfainst.is/3loZLxT

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Topics discussed: 2:10 Michael’s love for baseball and lessons to learn from the sport 4:33 Becoming a better listener 8:05 Sell discipline 11:11 When to retire and succession planning 15:17 Michael’s article, Everything You Want to Know About Investing 18:30 Michael’s new paper on stakeholder capitalism 21:25 Bitcoin: how should investors be thinking about cryptocurrencies 25:30 Michael’s thoughts on blockchain technology 27:28 Michael’s clinical trial 34:28 Embracing vulnerability 38:08 Flight or invisibility?

Related articles and links:

Everything You Need to Know About Investing https://www.iwmonitordigital.com/iwmonitor/november_december_2020/MobilePagedArticle.action?articleId=1652473&app=false&cmsId=3881786#articleId1652473 Crypto Dreamin’? The Good, the Bad, and the Ugly https://blogs.cfainstitute.org/investor/2020/06/16/crypto-dreamin-the-good-the-bad-and-the-ugly/

Michael S. Falk, CFA, on Safety Nets, Trampolines, and Opportunity Equality https://blogs.cfainstitute.org/investor/2020/09/15/michael-s-falk-cfa-on-safety-nets-trampolines-and-opportunity-equality/

Drug May Extend A.L.S. Patients’ Lives by Several Months, Study Finds https://www.nytimes.com/2020/10/16/health/ALS-treatment.html

Brené Brown’s TED talk, The Power of Vulnerability https://www.youtube.com/watch?app=desktop&v=iCvmsMzlF7o

John Hodgman on This American Life ep.178 https://www.thisamericanlife.org/178/superpowers/act-one-0

HBR video “Five Whys” https://hbr.org/video/2189146765001/5-whys

HBR article The Contradictions That Drive Toyota’s Success https://hbr.org/2008/06/the-contradictions-that-drive-toyotas-success

This American Life ep. 178: Invisible Man Vs. Hawkman

CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/

Find Michael here: LinkedIn: https://www.linkedin.com/in/mlfalk/ Twitter: https://twitter.com/msfalk?lang=en

Find Lauren here: LinkedIn: https://www.linkedin.com/in/lauren- foster/ Twitter: https://twitter.com/laurenfosternyc

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