Chapter
The Inevitability of Investment Losses
30:25 - 37:19 (06:54)
Losing a significant portion of your investments is something that should be expected as a long-term investor to earn profits, and such losses can range from 20% to 50%. Financial risks are unique to every person and are dependent on their financial, job, and family situations.
Clips
Long-term investors should expect to take a major hit and lose a significant percentage of their money while pursuing a 10% return.
30:25 - 33:31 (03:05)
Summary
Long-term investors should expect to take a major hit and lose a significant percentage of their money while pursuing a 10% return. It's essential to manage your risks when investing in the market.
ChapterThe Inevitability of Investment Losses
Episode#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
PodcastModern Wisdom
The financial situation of each individual varies with their different situations and needs.
33:31 - 34:56 (01:25)
Summary
The financial situation of each individual varies with their different situations and needs. To handle the current economic situation, it is essential to have heeded the financial lessons of the past decade.
ChapterThe Inevitability of Investment Losses
Episode#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
PodcastModern Wisdom
The speaker highlights the importance of finding hobbies that do not require spending money during tough economic times, and suggests that this can help people find renewed vigor and love for simpler pleasures.
34:56 - 37:19 (02:23)
Summary
The speaker highlights the importance of finding hobbies that do not require spending money during tough economic times, and suggests that this can help people find renewed vigor and love for simpler pleasures. They emphasize the importance of managing expectations and finding ways to live cheaply while still having a good time.