How heuristics, filters and reasonable stories help us cope with radical uncertainty and have the courage to make investment decisions. In this episode you’ll learn: Strategies for coping with uncertainty.How to avoid being caught up in a bubble or mania.Why even central banks need a coping strategy.How money helps hedge against an uncertain future. Show Notes Centralverse.org The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King To Help … [Read more...]
196: How To Survive Financially
Why relying on averages is dangerous given our fate is often determined by extreme events and how we react as financial markets, the economy and our own lives evolve. In this episode you’ll learn: Show Notes If it's Tuesday, it's a workday in Dallas for this 100-year-old Colleyville man - Dallas Morning News Skin In The Game: Hidden Asymmetries In Daily Life - Nassim Nicholas Taleb Exploring Gambles Reveals Foundational Difficulty Behind Economic Theory (and a … [Read more...]
138: Should You Sell Your Stocks Before Trump Takes Office?
How to make decisions in the face of uncertainty and why deciding to sell stocks should be based on feelings of regret rather than gut feelings about what we think will happen with financial markets and the economy. In this episode you'll learn: Show Notes Harvard professor says there are 'grave concerns' regarding Trump's mental stability - Independent The Undoing Project: A Friendship That Changed Our Minds - Michael Lewis Will The Economic Recovery Die of Old Age - … [Read more...]
