Chapter
Long-term Thinking for Investing in Endowment Fund
44:09 - 53:00 (08:51)
The 2% rule is a good rule for spending in endowment funds, as simulations show that it can grow to a large amount over time, so investors should think in the long-term for better results, while being aware of their own weaknesses regarding short-term thinking.
Clips
The podcast discusses the importance of long-term thinking and overcoming the tendency towards short-termism, particularly when it comes to investing.
44:09 - 46:40 (02:30)
Summary
The podcast discusses the importance of long-term thinking and overcoming the tendency towards short-termism, particularly when it comes to investing. It emphasizes the need to be aware of our own weaknesses and biases so that we can make better decisions about our financial future.
ChapterLong-term Thinking for Investing in Endowment Fund
Episode#596: Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough
PodcastThe Tim Ferriss Show
The best investment for an endowment fund is to invest long-term with an expected growth rate of 2%.
46:40 - 50:56 (04:16)
Summary
The best investment for an endowment fund is to invest long-term with an expected growth rate of 2%. For those wanting to revive someone in the future or invest for their descendants, investing mostly in equities for 15-20 years or more would be the best option for greater returns.
ChapterLong-term Thinking for Investing in Endowment Fund
Episode#596: Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough
PodcastThe Tim Ferriss Show
The importance of understanding advice and avoiding common trading mistakes such as buying options above the stock price is discussed.
50:58 - 53:00 (02:02)
Summary
The importance of understanding advice and avoiding common trading mistakes such as buying options above the stock price is discussed.