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#807 Long Term Investing

The Pomp Podcast

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The Uncertainty of the Financial Markets

Financial markets can be crazy at times. The complexity of an economy makes it nearly impossible to predict what will happen in the short and long term. Humans are really bad at dealing with uncertainty, specifically when there is a dopomine driven feedback loop of volatile price movements thrown in their face every few minutes. On at least six occasions last year, the digital asset fell in priced more than 20%. There was 50 % drawdown in approximately 95 days that bicoin had fallen by 50% or more. To say that bioin's us. Dollar exchange price is volatile would be an understatement. This volatility in price is mirrored by wild swings an investor sentiment in the market. Some countries embracing b

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