Chapter
Avoiding Emotional Investing Decisions
1:10:12 - 1:20:33 (10:20)
The mistakes made in investing often involve selling at the wrong time due to emotions such as fear. It is important to imagine hypothetical scenarios in advance in order to make rational investment decisions during times of market volatility.
Clips
The podcast discusses the investing mistakes Charlie Munger and Warren Buffet are likely to avoid, and the flaws in risk assessments given by wealth managers.
1:10:12 - 1:13:11 (02:58)
Summary
The podcast discusses the investing mistakes Charlie Munger and Warren Buffet are likely to avoid, and the flaws in risk assessments given by wealth managers.
ChapterAvoiding Emotional Investing Decisions
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
Warren Buffett invests differently in every recession, he put a lot of money to work in the 1970s, but not much in 2008 because he didn't see enough opportunity in the market.
1:13:11 - 1:17:19 (04:08)
Summary
Warren Buffett invests differently in every recession, he put a lot of money to work in the 1970s, but not much in 2008 because he didn't see enough opportunity in the market.
ChapterAvoiding Emotional Investing Decisions
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
The host discusses how to prepare for a market crash by imagining a world where stock prices are 30% lower and making decisions accordingly, sharing their own experience with selling their house during the COVID-19 pandemic-induced market crash.
1:17:19 - 1:19:41 (02:21)
Summary
The host discusses how to prepare for a market crash by imagining a world where stock prices are 30% lower and making decisions accordingly, sharing their own experience with selling their house during the COVID-19 pandemic-induced market crash.
ChapterAvoiding Emotional Investing Decisions
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
Benjamin Graham, the author of The Intelligent Investor, made his entire fortune through a single investment that broke all the rules he had laid out in his book, proving that following rules does not necessarily guarantee success in investing.
1:19:41 - 1:20:33 (00:51)
Summary
Benjamin Graham, the author of The Intelligent Investor, made his entire fortune through a single investment that broke all the rules he had laid out in his book, proving that following rules does not necessarily guarantee success in investing.