Money For the Rest of Us

How To Get Better At Risk Taking

Jul 20, 2022

27:29

Highlights

AI Chapters

Episode notes

A Barbell Strategy Is More Appropriate

02:25

The Economy Needs Risk Takers

02:49

Investing in the Start Ups of Family Members or Friends

02:37

Introduction

2min

Is There a Reason for China to Invade Tiwan?

3min

The Stock Market Might Fall 80 %

3min

How Much of a Buffer Do We Have?

2min

Loss Toughness

3min

Investing in Fine Art During Recessions

2min

Master Works - The Daily Briefing

3min

The Economy Needs Risk Takers

3min

Investments

3min

10.

Investing in the Start Ups of Family Members or Friends

3min

11.

A Barbell Strategy Is More Appropriate

2min

12.

How to Become a Better Risk Taker

2min

Five ways we can better take and manage risk.

Topics covered include:

How likely is it that China will invade Taiwan and the stock market will fall 80%
Why experts tend to be humble and don't make specific predictions
What is the difference between risk and uncertainty, and between loss capacity and loss aversion
What factors impact our degree of loss aversion and loss tolerance
Why the economy needs more risk takers rather than rentiers

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Sponsors

Masterworks - invest in modern art

Real Vision

Show Notes

Investor Risk Profiling: An Overview by Joachim Klement, CFA—CFA Institute Research Foundation

Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample by Jonathan Chapman, et al.

The Global Impacts of Climate Change on Risk Preferences by Wesley Howden and Remy Levin

Does Mood Take the Front Seat in Determining the Financial Risk-Taking Propensity of Individuals? Evidence from India by Crystal Glenda Rodrigues and Gopalakrishna B. V

Venture Capital AUM at Record High of $2tn—Preqin

10 Key Facts About the Capital Markets by Katie Kolchin, CFA—SIFMA

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