Chapter
Tim Ferriss on Investing Strategy for Wealth Building
31:49 - 41:19 (09:29)
Tim Ferriss suggests limiting downside risk by capping investment at the maximum amount and focusing on startups, books, music, or albums that have high potential for exponential returns.
Clips
The key to building wealth is to first cap downside risk and minimize loss.
31:49 - 34:20 (02:31)
Summary
The key to building wealth is to first cap downside risk and minimize loss. Putting in some element of skill and borrowing from investment experts like Warren Buffett and Charlie Munger, investors must assess the minimal downside before evaluating the upside potential of their investments.
ChapterTim Ferriss on Investing Strategy for Wealth Building
Episode#299: How to Secure Financial Freedom, Maximize Productivity, and Protect Your Health
PodcastThe Tim Ferriss Show
Tim Ferriss discusses how successful investors cap downside risk and look for asymmetric risks, as well as his preference for playing with a "stacked deck" by investing in startups where he can materially impact the value of the company.
34:20 - 37:30 (03:09)
Summary
Tim Ferriss discusses how successful investors cap downside risk and look for asymmetric risks, as well as his preference for playing with a "stacked deck" by investing in startups where he can materially impact the value of the company.
ChapterTim Ferriss on Investing Strategy for Wealth Building
Episode#299: How to Secure Financial Freedom, Maximize Productivity, and Protect Your Health
PodcastThe Tim Ferriss Show
Tim Ferriss provides insight on achieving financial freedom, managing debt, and the misconception around the spectrum between full-time employment and entrepreneurship.
37:30 - 41:19 (03:48)
Summary
Tim Ferriss provides insight on achieving financial freedom, managing debt, and the misconception around the spectrum between full-time employment and entrepreneurship. He goes on to discuss his investment strategies and offers advice on moonlighting before quitting a full-time job to pursue entrepreneurship.