Chapter
Investing for Beginners
1:45:23 - 1:58:02 (12:39)
This podcast discusses the basics of investing, including diversification and hedging against company-specific risk by consulting an investment bank.
Clips
The speaker explains that diversification in investing is essential as it helps to minimize risk while still maintaining an expected return.
1:45:23 - 1:48:31 (03:08)
Summary
The speaker explains that diversification in investing is essential as it helps to minimize risk while still maintaining an expected return. Investing in only one asset can increase the risk of loss, and the return needed to recoup the loss may be too high.
ChapterInvesting for Beginners
Episode#264: Ray Dalio, The Steve Jobs of Investing
PodcastThe Tim Ferriss Show
In the world of startup investments, diversification can be tricky due to lock-up periods and illiquidity.
1:48:31 - 1:51:41 (03:10)
Summary
In the world of startup investments, diversification can be tricky due to lock-up periods and illiquidity. It is important to find ways to hedge concentrated portfolios through investment banks and structures tailored to each unique circumstance.
ChapterInvesting for Beginners
Episode#264: Ray Dalio, The Steve Jobs of Investing
PodcastThe Tim Ferriss Show
In this podcast episode, the speaker discusses the nature of stress and overwhelm in investing and how successful investors have reset themselves to overcome it.
1:51:41 - 1:55:08 (03:26)
Summary
In this podcast episode, the speaker discusses the nature of stress and overwhelm in investing and how successful investors have reset themselves to overcome it. He also ponders about what essential things in life one can hold on to despite the dynamic nature of investing.
ChapterInvesting for Beginners
Episode#264: Ray Dalio, The Steve Jobs of Investing
PodcastThe Tim Ferriss Show
The guest speaker shares how programming his decision-making process for trading into computers allowed for better decision-making due to the lack of emotions, similar to a computer chess game.
1:55:08 - 1:58:02 (02:54)
Summary
The guest speaker shares how programming his decision-making process for trading into computers allowed for better decision-making due to the lack of emotions, similar to a computer chess game. He also shares that his practice of meditation helps him to remain emotionally neutral while trading.