I think it's possible to view volatility in a way that is not risk. If the volatility is forcing your behaviors into do something that becomes risky, primarily selling, then it's definitely risk. But it definitely is risk if the volatility forces you to sell. And a lot of people it does. I understand why it happens. I think it's just interesting to watch. We made some investments. The funny thing that happened was, literally a month after we made the investment, we got the statement. It had lost 50 % of its value in one month and i'm wi. So the thing that my first learning on this is it's very volatile.
Morgan Housel comes back for his second episode and Infinite Loops’ 100th episode! Morgan is a financial writer and author of the bestselling book “Psychology of Money” — having sold more than a million copies worldwide! You can follow Morgan on Twitter at https://twitter.com/morganhousel, and read his blog at https://www.collaborativefund.com/blog/ Show Notes:
- Morgan’s role at Collaborative Fund
- Marketing that isn’t “forced”
- Good product is good marketing
- When perception becomes reality
- Feedback to Morgan’s book
- The power of stories
- Understanding finance vs. Experiencing it
- Writing is thinking
- Not a great age for middlemen
- Promises of crypto
- Should volatility be considered as risk?
- Morgan’s next book
- Disconnect between the ideal and the practical
- Change in Morgan’s life after his book’s success
- Happiness is not about money
- Raising children into great adults
- Interviews should be conversations, not interrogations
- On luck and humility
Books Mentioned:
- Psychology of Money; by Morgan Housel