Chapter
Trading and Risk Management
40:02 - 47:13 (07:11)
Traders who reach a height of anxiety and are unable to sleep often liquidate all of their positions and start from scratch, reinforcing the importance of keeping track of capital. Making judicious risk management decisions in a condition of uncertainty requires a dispassionate view of the decision-making process and a healthy disrespect for money.
Clips
Checklists can make a significant difference in different industries such as airlines and hospitals, despite some people's reticence to use them.
40:02 - 44:06 (04:03)
Summary
Checklists can make a significant difference in different industries such as airlines and hospitals, despite some people's reticence to use them. Renowned investor Jim Rogers also believes in the value of checklists, particularly for preventing bacterial line infections in hospitals.
ChapterTrading and Risk Management
EpisodeEp 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan
PodcastThe Tim Ferriss Show
In this podcast, the speaker shares traders' experiences of reaching towering heights of anxiety and making risk management decisions to liquidate all positions, highlighting the importance of dispassionate decision-making and a healthy disrespect for money.
44:06 - 47:13 (03:07)
Summary
In this podcast, the speaker shares traders' experiences of reaching towering heights of anxiety and making risk management decisions to liquidate all positions, highlighting the importance of dispassionate decision-making and a healthy disrespect for money.