3min chapter

The Tim Ferriss Show cover image

#429: Nick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing

The Tim Ferriss Show

CHAPTER

Is It Either You Buy Luck in or You Buy Stock at a Hundred Dollars Share?

In the case of trading, like if you buy a stock at a hundred dollars share, and it goes to eighty. If you sell it at eighty, you've locked in a twenty dollar loss. It rigts on like the game is over of that particular trade. And so i think a lot of people tend to do the opposite of what you should do,. They sell it and they lock it in because, why, he made a good decision and i won, and that one's over. I it's the converse. It's exact opposite, intuitivelyoff what you should be. You can ride that all the way down to zero. When when we were looking at the possibility...

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode