How an asset class such as bonds can play different roles in your portfolio depending on your investment philosophy. In this episode you’ll learn: What are bonds and how can they be used in investment portfolios.What is interest rate anticipation.Why individuals have an advantage over institutions because they don't have to worry about outperforming a benchmark when it comes to bonds.Why U.S. interest rates could rise and fall from current levels.Why China is unlikely to sell all … [Read more...]
203: Is Investing More Like Poker or Chess?
How to make better investing and life decisions. Photo by Michał Parzuchowski In this episode you’ll learn: What is the difference between chess and poker.Why we need to separate the decision process from the outcome.How to improve the quality of our investment decisions.What are are wu-wei and qi and what role do they play in better decision making. Show Notes Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke Thinking Fast and Slow … [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...]
