Chapter
Investing in Sports: Football and Horse Racing
29:02 - 36:47 (07:45)
The speaker discusses the disadvantages of investing in football or horse racing if one is not well-versed in the sports. He also talks about the importance of compound growth rate in investing and the use of research, citing an example of someone who had 50 employees for tracking football matches to make betting decisions.
Clips
The speaker talks about praising star businesses, the beauty of compound growth rate and shares his experience of convincing his colleagues about investing in a star business.
29:02 - 31:14 (02:12)
Summary
The speaker talks about praising star businesses, the beauty of compound growth rate and shares his experience of convincing his colleagues about investing in a star business.
ChapterInvesting in Sports: Football and Horse Racing
Episode#466: Richard Koch on Mastering the 80/20 Principle, Achieving Unreasonable Success, and The Art of Gambling
PodcastThe Tim Ferriss Show
The Star Principle is a principle that allows even non-numerate people to make money in a highly numerate industry, according to an investor who doesn't employ anyone and works only about a day a week.
31:14 - 32:26 (01:12)
Summary
The Star Principle is a principle that allows even non-numerate people to make money in a highly numerate industry, according to an investor who doesn't employ anyone and works only about a day a week.
ChapterInvesting in Sports: Football and Horse Racing
Episode#466: Richard Koch on Mastering the 80/20 Principle, Achieving Unreasonable Success, and The Art of Gambling
PodcastThe Tim Ferriss Show
In this episode, the host interviews a guest who talks about his experience in gambling and investing, including details about a large bet he made and the psychological drivers behind both activities.
32:29 - 34:01 (01:31)
Summary
In this episode, the host interviews a guest who talks about his experience in gambling and investing, including details about a large bet he made and the psychological drivers behind both activities.
ChapterInvesting in Sports: Football and Horse Racing
Episode#466: Richard Koch on Mastering the 80/20 Principle, Achieving Unreasonable Success, and The Art of Gambling
PodcastThe Tim Ferriss Show
Ray Dalio discusses whether it is a disadvantage to not know about certain sports when gambling and how his success in horse racing is due to discovering horses with good odds through top speed.
34:01 - 36:47 (02:46)
Summary
Ray Dalio discusses whether it is a disadvantage to not know about certain sports when gambling and how his success in horse racing is due to discovering horses with good odds through top speed.