Chapter
The Role of Hidden Information in Games and Investing
15:19 - 29:43 (14:23)
Economist and investor, Howard Marks, discusses the importance of hidden information in games like poker and investing, where the future is inherently unpredictable due to the absence of fixed schedules or natural laws.
Clips
In the fields of economics and investing, there is a high level of uncertainty as the future is unpredictable.
15:19 - 20:45 (05:25)
Summary
In the fields of economics and investing, there is a high level of uncertainty as the future is unpredictable. Knowledge of the future is non-existent since it doesn't operate according to fixed schedules or natural laws like physics. This podcast explores how to navigate uncertainty in these fields using principles from the book "Thinking in Bets" by Annie Duke.
ChapterThe Role of Hidden Information in Games and Investing
Episode#431: Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions
PodcastThe Tim Ferriss Show
The payoff for betting on what are believed to be bad companies can be extremely generous.
20:45 - 24:32 (03:47)
Summary
The payoff for betting on what are believed to be bad companies can be extremely generous. The odds of winning and profitability depend on the bets made and potential risks involved.
ChapterThe Role of Hidden Information in Games and Investing
Episode#431: Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions
PodcastThe Tim Ferriss Show
The stock market outlook is marked by uncertainty as optimistic and pessimistic cases are equally plausible, and current market prices are surprisingly high despite the ongoing pandemic.
24:32 - 29:43 (05:11)
Summary
The stock market outlook is marked by uncertainty as optimistic and pessimistic cases are equally plausible, and current market prices are surprisingly high despite the ongoing pandemic.