Chapter
The Holy Grail of Investing: 15 Good Uncorrelated Bets
1:18:37 - 1:28:35 (09:58)
Investing in 15 good uncorrelated bets can reduce your risk by over 80%, unlike diversifying with correlated investments, which only lowers your risk by roughly 15%.
Clips
The emotional and thoughtful subliminal selves within us often cause conflict during conversations, where the emotional self takes control.
1:18:37 - 1:20:57 (02:20)
Psychology
Summary
The emotional and thoughtful subliminal selves within us often cause conflict during conversations, where the emotional self takes control. In reality, every conversation involves at least four people - the two conflicting selves within us and the two people outside.
ChapterThe Holy Grail of Investing: 15 Good Uncorrelated Bets
Episode#264: Ray Dalio, The Steve Jobs of Investing
PodcastThe Tim Ferriss Show
Adding uncorrelated bets will reduce the risk of ruin more than diversifying with correlated bets.
1:20:57 - 1:28:35 (07:38)
Investing
Summary
Adding uncorrelated bets will reduce the risk of ruin more than diversifying with correlated bets. Adding 15 uncorrelated bets could reduce risk by over 80 percent.