
Reasonable vs. Rational
Morgan Housel... · 16:05 · 7,783 plays
From the album The Morgan Housel Podcast
Description
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.
More By Morgan Housel...
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