Chapter
The Hubris of Investing Experts in Silicon Valley and Hedge Funds
07:57 - 13:44 (05:46)
The financial markets and investing industry commonly use an elastic measuring tool. Investors often hold themselves out as experts with specialized knowledge or insight, and as a result, obtain better deals and create a self-perpetuating cycle of hubris, often leading to massive overspending and eventual failure.
Clips
The speaker discusses the necessity of understanding the downside in investing, as opposed to solely focusing on the potential rewards.
07:57 - 11:24 (03:26)
Investing
Summary
The speaker discusses the necessity of understanding the downside in investing, as opposed to solely focusing on the potential rewards. He also touches on the idea of experts holding specialized knowledge and the Tool at Mania.
ChapterThe Hubris of Investing Experts in Silicon Valley and Hedge Funds
EpisodeEp 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan
PodcastThe Tim Ferriss Show
The speaker says that in Silicon Valley, at least, investors get a reputation for being good investors.
11:24 - 13:44 (02:19)
Business
Summary
The speaker says that in Silicon Valley, at least, investors get a reputation for being good investors.