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Episode 2945:
When we’re young, we take risks without thinking twice often because we get lucky and don't face the consequences. Chris Reining’s story of riding a crocodile and navigating stock market highs serves as a metaphor for the fine line between luck and sound decision-making. He argues for investing wisely, understanding the difference between price and value, and never risking more than what you need to achieve financial independence.
Read along with the original article(s) here: https://chrisreining.com/big-dumb-risks/
Quotes to ponder:
"Just because you didn’t get hurt doing something dumb doesn’t mean you didn’t take a big risk and get away with it."
"Price is what you pay. Value is what you get."
"It’s easy to feel jealous when you see other investors getting rich fast, but remember, just because someone didn’t get hurt doesn’t mean they didn’t take a big dumb risk."
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Optimal Finance Daily - Financial Independence and Money Advice