It's not a "problem" - they're just two totally different things. "Investment thinking" itself involves a determination of how much risk you are *willing* to take on. Economics can't tell you how much risk is "right" - it's a matter of preference. The problem comes in when peopel who know economics act as if that makes them qualified to give investment advice. It doesn't.
I feel so privileged to be a part of the freedom/cryptography movement. In such good company. Thanks for sharing this!
Peter Schiff was the only one to down vote this video
Could you put links into the description of the ones mentioned?
Milan Kundera quote @41:17-- nice! :)
18:10 I face this problem from others so much. (Econ nerds who cannot do jack when it comes to investment thinking.)
It's not a "problem" - they're just two totally different things. "Investment thinking" itself involves a determination of how much risk you are *willing* to take on. Economics can't tell you how much risk is "right" - it's a matter of preference. The problem comes in when peopel who know economics act as if that makes them qualified to give investment advice. It doesn't.
The real question is, "Do you even lift?" ( :
Are you guys following me?! :P
45:50 Geordi La Forge