This chapter explores how greed drives individuals to pursue more than what they put in and how it spreads through social cues. It also highlights how greed eventually gives way to fear, self-doubt, and ignorance, leading to a cycle of survival mode.
All greed starts with an innocent idea: that you are right, deserve to be right, and are owed something for the efforts you put into establishing your beliefs and opinions.
It’s a reasonable feeling. But it sets off a chain reaction that leads to an inevitable boom-and-bust cycle.
This episode explores one of the most important topics in investing: the lifecycle of greed and fear, and why it cannot, and will not, ever go away.