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Reasonable vs. Rational
Manage episode 474805119 series 3454180
The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real world every investor wants to maximize for sleeping well at night and being proud of themselves in a complicated world.
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
76 episodes
Manage episode 474805119 series 3454180
The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real world every investor wants to maximize for sleeping well at night and being proud of themselves in a complicated world.
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
76 episodes
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