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Podcast: Wealth Formula Podcast
Episode: 380: Investing Through the Eyes of a Fighter Pilot
Description: It has been a tough year for real investors. Inflation and interest rates have created distress and uncertainty. But let me remind you of a few things. Investing isn't for the faint-hearted. EVERYONE loses at some point. The idea that you can always win is a fallacy. Of course everyone would agree with that statement rationally. However, our brains are not wired to think rationally in stressful times. It's a tall order. There is a concept in psychology called "loss aversion" that means we are wired to fear loss more than we desire gain. So if you have an investment...