Why fair markets require uncertainty for both the buyer and the seller, and why sellers don't need to disclose everything they know to the buyer. In this episode you’ll learn: What should be disclosed when selling an asset.What is the difference between hiding a defect and not revealing information that might impact the future price.Why fair markets have uncertainty for both the buyers and sellersHow algorithms have changed stock investing and increased risks. Show … [Read more...]
197: The Power of Less and Local
Why having less things and activities gives us more freedom and happiness. Why low probability risks are unacceptable if the consequences affect all of us. In this episode you’ll learn: Show Notes Skin In The Game: Hidden Asymmetries In Daily Life - Nassim Nicholas Taleb Vanishing time in the pursuit of happiness - Aekyoung Kim and Sam J. Maglio Wabi Sabi For Artists, Designers, Poets and Philosophers by Leonard Koren Climate models and precautionary measures - Joseph … [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...]
164: Optionality—When To Keep Your Options Open and When To Commit
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...]
159: What You Need To Know About Volatility
What is volatility, what determines it and how to invest in it. But should you? In this episode you’ll learn: To learn more about investing in VIX ETFs, check out this helpful guide. Show Notes The Black Swan: The Impact of the Highly Improbable - Nassim Nicholas Taleb Antifragile: Things That Gain From Disorder - Nassim Nicholas Taleb The markets are quiet, Too quiet - Buttonwood - The Economist Grant's Podcast Artemis Capital Management Ned Davis … [Read more...]
55: Are You Financially Fragile or Antifragile?
How to gauge your financial fragility or vulnerability and how to be the opposite of fragile. In this episode, you'll learn: What is an option.What is the VIX volatility index.What does it mean to be fragile and antifragile.What is the difference between being long volatility and short volatility.How conifers are antifragile.How to tell if you are fragile or antifragile.What is the difference between black swan events and grey swans. Show Notes MNY023: Smart Beta - What … [Read more...]
