The chapter begins with a tribute to Daniel Kahneman and delves into the cognitive bias of loss aversion, examining why people react more strongly to losses than gains. It transitions to analyzing the March US jobs report, discussing job growth, potential inflation concerns, and consumer price index components. The conversation also covers investor optimism fueled by stock market gains, record highs in the S&P 500, and the upcoming Bitcoin halving event expected in April.
#497: Princeton Professor Daniel Kahneman never took an economics class. But he won the 2002 Nobel Prize in economics, thanks to his advancements in understanding the psychology of money.
In today’s episode, we pay homage to the late Dr. Kahneman, who passed away on March 27 at age 90. We also discuss the jobs report, inflation data, the booming stock market, the next Bitcoin halving, Capital One’s acquisition of Discover, and the National Association of Realtors settlement.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode497
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