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2851: Why You Don’t Know the Price Until You Sell by Nick Maggiulli of Of Dollars and Data on Liquidity
Manage episode 437431360 series 126194
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
3608 episoder
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
Manage episode 437431360 series 126194
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
3608 episoder
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