DeepSummary
The episode is a transcript of an interview with Denise Shull, a performance coach, founder of the Rethink Group, and author of Market Minds. Shull shares insights into her childhood as an introspective only child, her early career at IBM, and her decision to leave the corporate world to pursue a graduate degree in psychology.
Shull discusses her transition into the trading world, including working alongside successful traders like Dmitry Balayazni. She also talks about writing her first article 'Freud's Path to Profit,' which led to people seeking her coaching services. Shull reflects on some of her best and worst trades, including a private placement deal that went wrong and her experience with the creators of the TV show 'Billions.'
Throughout the interview, Shull emphasizes the importance of understanding emotions and intuition in decision-making, particularly in the high-pressure world of trading. She shares her passion for helping others improve their performance by applying her knowledge of psychology and neuroscience.
Key Episodes Takeaways
- Denise Shull's journey from IBM to the trading world and eventually becoming a performance coach and trading psychologist was driven by her lifelong fascination with understanding human behavior and decision-making processes.
- Shull emphasizes the importance of emotions and intuition in decision-making, challenging the traditional belief that emotions should be suppressed in fields like trading.
- Shull's experience with both successful and challenging trades, such as the private placement deal and her involvement with the TV show 'Billions,' shaped her understanding of the psychological factors at play in decision-making.
- Shull's work aims to help traders and others navigate the mental challenges of their professions by applying her knowledge of psychology and neuroscience.
- Shull believes that a better understanding of decision-making processes, particularly the role of emotions, can have a positive impact on people's lives beyond just the trading world.
- Shull's unique career path and perseverance in pursuing her passion for understanding human behavior and decision-making processes have made her a respected voice in the field of trading psychology.
- Shull's insights challenge traditional beliefs about suppressing emotions and highlight the importance of embracing emotions and intuition in decision-making processes.
- Shull's experiences highlight the value of self-reflection, adaptability, and resilience in overcoming challenges and pursuing one's dreams.
Top Episodes Quotes
- “The reason the world doesn't know what the science says about decision making is because it's equivalent to when we thought the earth was flat and you would sail off the end.“ by Denise Shull
- “I wrote the Amazon page to describe my book, what I said is, I think I've been interested in perception, judgment, decision making for as long as I can remember.“ by Denise Shull
- “I literally was just kind of the lonely only child interested in this stuff and followed it without prejudice and feel like I know something that can make a difference for everybody, you know, and I mean, make a difference in life.“ by Denise Shull
- “I have watched so many people experience so much distress over attempting to be a successful trader or being a successful trader and then failing or, or just being successful in, like, how hard it is. And most of it, I, or a lot of it is driven by the wrong perception of judgment, decision making.“ by Denise Shull
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Episode Information
Real Vision: Finance & Investing
Real Vision Podcast Network
4/20/24