About this source
Tim Harford — the FT's Undercover Economist and host of Cautionary Tales — joins the Making Money Podcast to examine when conviction becomes dangerous dogma in investing, why index funds still dominate despite growing challenges, and how the three Cs of statistical thinking can protect ordinary investors from their own psychology.
Frameworks extracted
5 totalLEADmonths
Psychological Safety and the Mistake-Reporting Paradox
Teams with better cultures report more errors — they're not making more, they're hiding fewer.
FINongoing
Efficient Markets as a Useful Fiction
Act as if markets are efficient — not because they are, but because the assumption protects you.
MINDongoing
The Three Cs of Statistical Thinking
Calm, context, and curiosity are the only defences against being manipulated by numbers.
FINongoing
Fee Compounding Destruction
A 1% annual fee doesn't cost 1% — it costs a quarter of your final pot.
MINDongoing
When the Facts Change, Change Your Mind
Separate your public identity from your beliefs so you can update when evidence demands it.