What is risk and how do you manage it so you can protect against the downside and capture the upside. Photo by Keith Williams In this podcast, you'll learn: What is risk.Why we have to manage risk instead of trying to eliminate it.Why nature never completely blows up but the financial system can.Why we need to build pockets of independence from the financial and market systems.The four steps we can take to capture the upside. Show Notes Against the Gods: The Remarkable Story … [Read more...]
15: Stop Worrying About the Next Market Crash
Discover the four things you can do to stop worrying about financial calamities. Photo by PS Parrot In this podcast, you'll learn: How financial markets are like sand piles and thunderstorms.What are complex adaptive systems.The four things we can do in the face of unpredictabile financial markets.Why simple rules are better when confronting complexity. Show Notes The book I mentioned that highlights Per Bak's research on sand piles and avalanches is The Age of … [Read more...]
