Chapter
Understanding the Five Classes of Market Participants
30:09 - 33:34 (03:25)
The podcast discusses the five classes of market participants mentioned in the book and how they are different from each other. It also touches upon a gentleman's bet and the popularity of the author's book.
Clips
The interviewer asks about classes of market participants as described in the author’s book.
30:09 - 32:52 (02:43)
Market Participants
Summary
The interviewer asks about classes of market participants as described in the author’s book. He also mentions how people tend to internalize financial losses and equate self-worth with net worth.
ChapterUnderstanding the Five Classes of Market Participants
EpisodeEp 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan
PodcastThe Tim Ferriss Show
The speaker discusses the difference between gentleman's bets, which are made for bragging rights, and gambling addiction, which is fueled by the desire to be right and the adrenaline rush.
32:52 - 33:34 (00:42)
Gambling Addiction
Summary
The speaker discusses the difference between gentleman's bets, which are made for bragging rights, and gambling addiction, which is fueled by the desire to be right and the adrenaline rush.