Chapter
The Importance of Triangulation in Investing
1:28:35 - 1:38:28 (09:53)
To increase the probability of being right in investments, it is crucial to not be overly confident and gather triangulation. Determining correlations between various markets can be achieved using previous movements or assessing their intrinsic differences.
Clips
Triangulating opinions from multiple experts and being aware of the limitations of one's knowledge can help to increase the probability of making the right decision, according to the speaker.
1:28:35 - 1:32:46 (04:11)
Decision-making
Summary
Triangulating opinions from multiple experts and being aware of the limitations of one's knowledge can help to increase the probability of making the right decision, according to the speaker.
ChapterThe Importance of Triangulation in Investing
Episode#264: Ray Dalio, The Steve Jobs of Investing
PodcastThe Tim Ferriss Show
Every investment is a lump sum cash payment now for an income stream in the future, all of which will be affected by the discount rate used to calculate the present value.
1:32:46 - 1:38:28 (05:41)
Investments
Summary
Every investment is a lump sum cash payment now for an income stream in the future, all of which will be affected by the discount rate used to calculate the present value. This podcast discusses the correlations between stocks and bonds in different countries.