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Ep. 1997: The Lemmings Didn’t Jump
Description
Don and Tom use Disney’s infamous lemming myth to explain investor herd behavior, recency bias, and the danger of chasing whatever has recently been hot. Then they answer questions about simplifying a diversified portfolio, evaluating a long-held annuity, and why “Bank on Yourself” whole-life strategies create more problems than they solve.
00:00 The lemming film clip
00:56 The lemmings didn’t jump
02:21 The lemming corollary
04:38 Herd behavior in tech, crypto, and markets
07:58 When the crowd is wise—and when it isn’t
12:48 Listener questions begin
13:16 Simplifying a diversified portfolio
16:32 Should she keep the annuity?
20:40 The problems with “Bank on Yourself”
25:58 Wrap-up
27:11 Disclosures
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