We Study Billionaires - The Investor’s Podcast Network

TIP591: Currencies and Debt w/ Lyn Alden

53 snips

Dec 3, 2023

Investment expert Lyn Alden, author of 'Broken Money,' dives into the intricate dance of currencies, debt, and inflation. She discusses how adapting to biases in investing can enhance market understanding. Alden unpacks the complexities of leveraging debt, especially in real estate, while tackling inflation's impact on borrowers. She also analyzes the shifting landscape of global currencies, including the euro's struggle and Argentina's dollarization plan amidst soaring inflation. Additionally, Alden discusses China's economic challenges and the transformation potential of digital currencies like Bitcoin.

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ADVICE

Seeking Disagreement

Actively seek out disagreeing views to avoid confirmation bias and improve investment decisions.
Consider different perspectives to refine your arguments and identify potential risks.

INSIGHT

Bull vs. Bear Theses

Bull theses are often more plentiful and thoughtful than bear theses, creating a potential bias.
This is because investors tend to move on quickly from uninteresting or overvalued stocks.

ADVICE

Steel Manning

Purposely seek out and understand the smartest bear articles on stocks you're bullish on.
Define potential problems better and know when to exit if the bear thesis materializes.

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