
Rules of the Money Game
The Morgan Housel Podcast
00:00
*Will the economic uncertainty reduce after some time *
Economic uncertainty is often misinterpreted as varying levels; it is not about more or less uncertainty but about the awareness of potential risks. Throughout history, periods labeled as 'high uncertainty' often coincide with times when significant risks loomed, such as pre-9/11 and before the 2007 financial crisis, where public oblivion to these risks was notable. The risks we do not anticipate or think about are the ones that pose the greatest threat, highlighting that true risk remains unmastered and often unrecognized until it manifests. Moreover, an unwavering adherence to a specific investment strategy is perilous in a constantly evolving economic landscape, as it limits adaptability to emerging risks.
Transcript
Play full episode