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19min chapter
TIP172: The Art of the Good Life by Rolf Dobelli (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
Managing Expectations for a Happier Life and Bitcoin's Behavior During Credit Events
The chapter discusses the importance of managing expectations for a happier life, focusing on desires versus expectations and the significance of setting goals without turning them into necessities. It also delves into the correlation between Bitcoin and global share market crashes, explaining how credit contractions can affect various assets like gold, stocks, bonds, and Bitcoin, with historical examples of asset behavior during credit events. The speakers speculate on the potential impact of Federal Reserve actions like quantitative easing on markets and investments, particularly questioning Bitcoin's status as a safe asset during times of economic uncertainty.
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