A lot of stoic philosophy is essentially treating good outcomes and bad outcomes with equanimity. And in investing, it's more difficult, because you do want to continue to add to your winners. In the stoics, i would say, had a pretty extreme view of what is not under your control. They essentially said, your values, your judgments, are under your control but even things like your property would not qualify as something that is under your control or can be controlled.
Do you really own your stocks? The stoics might suggest otherwise. Ricky Mulvey and Brian Stoffel serve up an introduction to stoicism, and why these philosophers from a few thousand years ago have practical advice for investors today. They discuss: - Fundamentals of stoicism - The dichotomy of control (and what it means for investors) - Seneca’s complex relationship with wealth - Company leaders that may exhibit some stoic virtues
Companies mentioned: COST, AAPL, BRK.A, BRK.B
Host: Ricky Mulvey Guest: Brian Stoffel Engineer: Dan Boyd
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