How simple rules, just-in-time learning and checking your understanding can help you make better financial decisions. In this episode you'll learn: How we rely on the environment and other people to think. Why we aren't overwhelmed by complexity. What are the downsides of drawing on a community of knowledge and to mitigate them. The importance of simple rules and just-in-time learning. Show Notes The Stranger in The Woods: The Extraordinary Story of the Last True … [Read more...]
95: Keep Investing Simple
Steps to take to keep investing simple. Plus how changes in China are having spillover effects for global economic growth and asset class returns. Photo by Yelp, Inc. In this episode you'll learn: How flocks of birds move together.What are examples of simple things to focus on when investing.What is a maximum drawdown.Why it is important to step back and take a big picture view of the themes driving capital markets.How China's transition to a consumer driven economy is … [Read more...]
28: Live By Your Own Financial Rules
Why there are no hard-and-fast financial rules other then don't cause yourself irreparable financial harm. Photos by Jake In this episode, you'll learn: Why beginners tend to be rule focused while veterans are more intuitive and follow patterns.What an ancient Chinese madman can teach us about personal finance.Why we should be wary of people who tell us the exact path to follow to be successful.Why there are no set financial rules so we have to create our own. Show … [Read more...]
