How to use the asymmetric payoff of options, trial and error, and commitments to better yourself financially and in other areas of your life. In this episode you’ll learn: Show Notes Story of Thales of Miletus by Aristotle in Politics Antifragile: Things That Gain From Disorder - Nassim Nicholas Taleb The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai Bartleby, the Scrivener: A Story of Wall Street by Herman … [Read more...]
143: Are You Investing, Speculating or Gambling?
What is the difference between investing, speculating and gambling. Why binary options trading is gambling. In this episode you'll learn: Show Notes Video of Campeche uphill climb Effective Theory - Lisa Randall - Edge Searching for particles on a benchtop - profile of Andrew Geraci - The Economist SEC warns investors about binary options Nadex Product Design and Financial Literacy - Kingsley Jones Percentage of days positive and negative S&P 500 Index - … [Read more...]
MNY123 Plus: Regret Aversion, Interest Rates Hikes and Hedging Portfolios
This week on Money For the Rest of Us Plus we revisit the process to assist investors to transition from one portfolio structure to another, including if one is holding cash. The key is to overcome regret aversion and loss aversion. We look at how to do that. We also look at the fear of rising interest rates and why is it so great and would the outcomes be that bad. Finally, we look at the cost of hedging a stock portfolio as a member evaluates a hedge fund strategy does exactly … [Read more...]
