Source: Good News Network
The Lesson: In this podcast, Tim Ferriss hosts a panel of speakers who are experts on failure, bad investments, and financial mishaps. All five of them have accumulated loads of useful advice on entrepreneurship and business – and over the course of this episode, they discuss their favorite failures, their most worthwhile investments, and their advice for college students may be about to enter “the real world”.
Notable Excerpt: “My field is that of global finance – and virtually all investors have been told when they were younger … that the more they understand the world, the better their investment results. It makes sense, doesn’t it? The more information we acquire and evaluate, the ‘better informed we become’ and the better our decisions. Accumulating information and becoming better informed is certainly an advantage in numerous (if not most) fields, but not in the counter-intuitive world of investing …
“… Beyond a certain amount of information, (a certain minimal amount) additional information only feeds confirmation bias,…
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