
Episode 021: Fear, Freedom, and Financial Decision-Making with Morgan Housel
The Decision Education Podcast
The Difference Between a Day Trader and a Pension Fund
If you're a day trader, then all you care about is whether this stock that you buy is going to go up between now and the end of the day. And if you are an endowment you're trying to own a stock of business for next hundred years. That's all that matters. So it's just a completely different thing. I often feel like when we say the word investing or the word investor, we often think of it like it's one game, like we're all playing the same game. We're not. Some of us are in chess,. some of us are playing football, someof us are playing basketbals, completely different sports. The skills that they
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