• Reasonable vs. Rational

  • Apr 2 2025
  • Length: 16 mins
  • Podcast

Reasonable vs. Rational

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  • Summary

  • 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.
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