Chapter
Distinguishing Between Investing and Trading
2:04:43 - 2:08:54 (04:10)
The difference between investing and trading is discussed, with emphasis on the importance of setting aside play money for impulsive and unbridled passion for picking stocks, to avoid guilt and karma associated with going all in.
Clips
The speaker talks about finding happiness in spending most of their time with family and working according to their own schedule as having autonomy and independence is crucial to their well-being.
2:04:43 - 2:05:28 (00:44)
Autonomy
Summary
The speaker talks about finding happiness in spending most of their time with family and working according to their own schedule as having autonomy and independence is crucial to their well-being.
ChapterDistinguishing Between Investing and Trading
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
In this episode, the speaker discusses how one can curb impulsive trading tendencies by reserving play money for investing activities, similar to renting a luxury car for temporary enjoyment, and differentiating between fees and fines.
2:05:28 - 2:08:54 (03:25)
Investing
Summary
In this episode, the speaker discusses how one can curb impulsive trading tendencies by reserving play money for investing activities, similar to renting a luxury car for temporary enjoyment, and differentiating between fees and fines.