Mind Over Money's Podcast

How one of the smartest minds on Wall Street was blinded by belief and abandoned due diligence   VRX, CP, MTN, HLF, CMG   Welcome to Mind Over Money. I’m Kevin Cook, your field guide and story teller for the fascinating arena of Behavioral Economics.   I’m back after a 3-week bout with bronchitis. I’ve got a funny story about what I learned at the doctor that ties into a great neuroscience topic: how we acquire new skills. But first, let me preview our main topic for the show today...   As 2016 winds down, I want to re-cap one of the biggest stock market implosions of the past 18 months and the big name investor who last week began some tax loss selling after a 95% drop in the shares.   The stock is that of Valeant Pharmaceuticals (VRX). And the big investor is Bill Ackman of Pershing Square Capital Management. His funds have lost billions of dollars because the Valeant implosion. And the story I am going to tell you will definitely interest you if you are at all curious about how smart people make really dis