2851: Why You Don’t Know the Price Until You Sell by Nick Maggiulli of Of Dollars and Data on Liquidity

Optimal Finance Daily - Financial Independence & Money Advice

Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

2M ago 12:48

MP3•एपिसोड होम

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2851:

Nick Maggiulli of OfDollarsAndData.com explains the unpredictable nature of asset pricing through the lens of Schrödinger's cat thought experiment. He emphasizes the importance of liquidity and emergency savings to avoid selling assets at a loss during economic downturns.

Read along with the original article(s) here: https://ofdollarsanddata.com/why-you-dont-know-the-price-until-you-sell/

Quotes to ponder:

"Only once you have opened the steel chamber could you determine whether the cat was living or deceased."

"The cruel world of price discovery can befall anyone."

"Cash during a panic is like having water in the desert."

Episode references:

Wealth, War, and Wisdom: https://www.amazon.com/Wealth-War-Wisdom-Barton-Biggs/dp/0470223073

When Genius Failed: https://www.amazon.com/When-Genius-Failed-Long-Term-Capital/dp/0375758259

Learn more about your ad choices. Visit megaphone.fm/adchoices

3723 एपिसोडस