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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

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Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

3654 episodes

Artwork
iconShare
 
Manage episode 437429597 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

3654 episodes

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