Michael Mauboussin – Consilient Observations in a Crisis (Capital Allocators, EP.127)
Capital Allocators – Inside the Institutional Investment Industry
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Navigating Stress in Financial Decision-Making
This chapter explores the psychological impact of stress on decision-making during market downturns, emphasizing the tendency to focus on short-term concerns. It discusses key components of cash flow analysis and asset pricing in light of current market volatility, suggesting methodologies for effective risk assessment. The dialogue also examines the liquidity challenges in different asset classes and the protective benefits of private equity against market fluctuations.
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