Risk of Ruin cover image

Life's Too Short

Risk of Ruin

CHAPTER

Owning Equity Makes Stocks Less Risky

There's been a great democratization in the ability to own stocks, which probably could be a good thing for sophisticated investors. But it also increases the odds that the other side gets bailed out if things don't go. And as people don't see that owning a stock is risky, ah, you have more and more irresponsible behavior leads to bubbles and all sorts of distortions. People feel better mentally whone stocks go up, and they feel worse when stocks go down. I can't change the world. I can only fix a small part of it that has my attention.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner