Chapter
Investing with Love
38:33 - 43:57 (05:24)
The key to successful investing is to love the asset you are investing in. Investing in something you love makes you more likely to hold onto it for the long run, resulting in better performance over time.
Clips
The hosts warn of the risks of investing in cryptocurrency, advising against investing more than one can afford to lose.
38:33 - 40:07 (01:33)
cryptocurrency
Summary
The hosts warn of the risks of investing in cryptocurrency, advising against investing more than one can afford to lose. While there have been individuals who have become incredibly wealthy due to their investment in cryptocurrency, there have also been many who have lost everything.
ChapterInvesting with Love
Episode#142 - Morgan Housel - How To Create & Manage Your Personal Wealth
PodcastModern Wisdom
The key to holding onto an investment for the long-term is to love it, whether it's Bitcoin, Google stock or real estate.
40:07 - 43:57 (03:50)
investing
Summary
The key to holding onto an investment for the long-term is to love it, whether it's Bitcoin, Google stock or real estate. Loving your investment means you're more likely to hold onto it, even through a bad year, and this can pay off in the long run.