Chapter
Risking a Dollar to Make Five
23:49 - 26:03 (02:14)
The speaker discusses the concept of risk management and the importance of being certain when making investments. He also mentions the story of a former astronaut who went to the moon and later faced adversity.
Clips
The podcast discusses the importance of risk management and planning for potential losses in investments.
23:49 - 25:40 (01:50)
Investing
Summary
The podcast discusses the importance of risk management and planning for potential losses in investments.
ChapterRisking a Dollar to Make Five
Episode#325: Lessons from Richard Branson, Tony Robbins, Ray Dalio, and Other Icons
PodcastThe Tim Ferriss Show
The billionaire investor, Charles Schwab, made $2 billion out of 30 million during the subprime crisis by risking 6 cents for every dollar with an upside reward ratio.
25:40 - 26:03 (00:23)
Investing
Summary
The billionaire investor, Charles Schwab, made $2 billion out of 30 million during the subprime crisis by risking 6 cents for every dollar with an upside reward ratio. He passed on his knowledge to his kids, and it can be translated to the average investor.