Podcast Notes Playlist: Latest Episodes PN Deep Dive: Howard Marks on Risk, Money + Happiness, Life Saving Lab Tests, Lex/Peterson, Sam Zell, Huberman - Future, Bruno Leoni, Glyphosate and Corruption
Dec 11, 2024
Explore the intricate balance between financial risk and personal happiness, where true understanding can inform better life choices. Dive into proactive investment strategies aimed at mitigating downside risks and the importance of skepticism in a changing market. Discover how financial security ties to well-being, emphasizing the need for meaningful connections over material wealth. Embrace the idea of proactive health and sustainability, focusing on ethical living for future generations, while nurturing a purpose-driven life that transcends mere financial success.
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Volatility vs. Risk
- Howard Marks believes volatility is not risk itself, but a symptom of risk.
- True risk lies in the potential for permanent capital loss, not short-term fluctuations.
Proactive Investing
- Don't just react to market conditions; have a proactive investment strategy.
- Focus on protecting your downside, even when others seem to be making big profits.
Perverse Risk
- "Perverse risk" describes how seemingly safe assets become riskier as their prices rise.
- Popularity can increase vulnerability, as seen in the 2008 housing bubble.