Chapter
What Our Favorite Games Say About Our Risk Tolerance
1:18:00 - 1:26:06 (08:05)
In this podcast, the host discusses how our choice in games can reflect our risk tolerance and aversion. He shares insights about games like chess, bridge, poker, backgammon, and craps and how they can help in assessing one's risk-taking ability for larger investments.
Clips
The speaker recounts their dissatisfaction with Warren Buffet's suggestion to invest in the S&P 500 or a low-cost index fund and express their preference for lower risk investments.
1:18:00 - 1:19:37 (01:36)
Summary
The speaker recounts their dissatisfaction with Warren Buffet's suggestion to invest in the S&P 500 or a low-cost index fund and express their preference for lower risk investments.
ChapterWhat Our Favorite Games Say About Our Risk Tolerance
Episode#338: Howard Marks — How to Invest with Clear Thinking
PodcastThe Tim Ferriss Show
Warren Buffet's investment advice is not to put 100% of your net worth in the stock market but rather to invest in index funds depending on your risk tolerance.
1:19:37 - 1:23:58 (04:21)
Summary
Warren Buffet's investment advice is not to put 100% of your net worth in the stock market but rather to invest in index funds depending on your risk tolerance. He also emphasizes the importance of emotional stability in investing and not being afraid of getting fired.
ChapterWhat Our Favorite Games Say About Our Risk Tolerance
Episode#338: Howard Marks — How to Invest with Clear Thinking
PodcastThe Tim Ferriss Show
The games we choose to play, and the way we play them, can reveal a lot about our personalities and risk tolerance.
1:23:59 - 1:26:06 (02:07)
Summary
The games we choose to play, and the way we play them, can reveal a lot about our personalities and risk tolerance. For example, chess players tend to be strategic thinkers while backgammon players may have a higher tolerance for risk.