Bitcoin, A Reasonable View of The World, and Passion Is The Inverse of Information
The Psychology of Money with Morgan Housel
00:00
Yale Study Pushed 2x Leverage That People Won't Sustain
- Yale finance academics backtested using 2x leverage for ordinary investors, claiming long-term math makes up for periodic wipeouts.
- Housel calls this unrealistic because most people won't restart after ruin; spouses and emotions stop them from continuing.
Play episode from 07:07
Transcript
