Saving Like a Pessimist and Investing Like an Optimist

The two skills of getting rich and staying rich are different and opposing./nOptimism and conservatism are both necessary for financial success./nAdmiral James Stockdale's experience as a prisoner of war in Vietnam highlights the drawbacks of excessive optimism./nChronic optimism can lead to disappointment and depression.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.