The Startup Ideas Podcast Investor Psychology & Trading on the Future With Raoul Pal
Aug 18, 2022
Raoul Pal, a former Goldman Sachs investment banker and founder of Real Vision, shares insights on navigating the fast-evolving investment landscape. He highlights why Web3 is set to revolutionize investments and emphasizes India's potential as the future of the internet. Pal discusses the importance of maintaining conviction in bear markets and the psychological challenges investors face during volatility. He encourages a long-term perspective over complex strategies, advocating for a focus on fundamental trends in technology and finance.
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Trading Psychology
- When trading long-term, write down your investment thesis.
- Before changing positions, ask if anything fundamental has shifted from your original thesis.
Bitcoin Investment Journey
- Raoul Pal shares his Bitcoin investment journey, highlighting how he deviated from his initial thesis due to market volatility.
- He emphasizes the importance of sticking to a long-term plan, even when faced with significant price fluctuations.
Staying Sober in Investing
- Disassociate from short-term P&L swings; focus on your long-term thesis.
- Minimize exposure to external opinions; trust your own analysis.