TIP792: Vital Lessons From History’s Strangest Financial Stories w/ Kyle Grieve

The podcast episode explores investment strategies through historical anecdotes, emphasizing the importance of critical thinking and long-term patience. It examines correlation bias using the example of Cristiano Ronaldo and Coca-Cola, and highlights masterly inactivity with stories of Quintus Fabius and Muhammad Ali. The episode further illustrates the power of compounding through Bobby Bonilla's deferred contract and warns against fraud, referencing Bernie Madoff's Ponzi scheme. It also discusses the dangers of FOMO, exemplified by Isaac Newton's investment in the South Sea Company, and the silent tax of inflation, drawing lessons from the American Revolutionary War. Finally, the podcast touches on market crashes, using Black Monday as a case study, and the perils of over-reliance on autopilot thinking.

Outlines

Part 1: Cognitive Biases and Strategic Patience

Part 2: Compounding, Fraud, and Due Diligence

Part 3: Speculation and Financial Instruments

Part 4: Risk Management and Market Volatility

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We Study Billionaires - The Investor’s Podcast Network

Part 1: Cognitive Biases and Strategic Patience

Correlation Bias: How Cristiano Ronaldo's Coca-Cola Snub Misled Investors

Masterly Inactivity: Lessons from Quintus Fabius and Muhammad Ali

Part 2: Compounding, Fraud, and Due Diligence

Bobby Bonilla's Deferred Contract: The Power of Compounding

Bernie Madoff's Ponzi Scheme: The Importance of Due Diligence

Sir Isaac Newton and the South Sea Bubble: Avoiding FOMO

Hetty Green: Lessons from a Value Investor

The Salad Oil Scandal: Trust, Brands, and Due Diligence

Part 3: Speculation and Financial Instruments

SPACs and the South Sea Bubble: Speculation and Asymmetry

Tontines and the Immortals: Gambling on Life Expectancy

Part 4: Risk Management and Market Volatility

Aeroflot Flight 593: The Dangers of Autopilot and Inflation

Black Monday 1987: Market Crashes and Liquidity

TIP792: Vital Lessons From History’s Strangest Financial Stories w/ Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Part 1: Cognitive Biases and Strategic Patience

00:03Correlation Bias: How Cristiano Ronaldo's Coca-Cola Snub Misled Investors

Correlation Bias: How Cristiano Ronaldo's Coca-Cola Snub Misled Investors

07:39Masterly Inactivity: Lessons from Quintus Fabius and Muhammad Ali

Masterly Inactivity: Lessons from Quintus Fabius and Muhammad Ali

Part 2: Compounding, Fraud, and Due Diligence

12:58Bobby Bonilla's Deferred Contract: The Power of Compounding

Bobby Bonilla's Deferred Contract: The Power of Compounding

16:44Bernie Madoff's Ponzi Scheme: The Importance of Due Diligence

Bernie Madoff's Ponzi Scheme: The Importance of Due Diligence

21:54Sir Isaac Newton and the South Sea Bubble: Avoiding FOMO

Sir Isaac Newton and the South Sea Bubble: Avoiding FOMO

30:51Hetty Green: Lessons from a Value Investor

Hetty Green: Lessons from a Value Investor

34:41The Salad Oil Scandal: Trust, Brands, and Due Diligence

The Salad Oil Scandal: Trust, Brands, and Due Diligence

Part 3: Speculation and Financial Instruments

40:47SPACs and the South Sea Bubble: Speculation and Asymmetry

SPACs and the South Sea Bubble: Speculation and Asymmetry

46:11Tontines and the Immortals: Gambling on Life Expectancy

Tontines and the Immortals: Gambling on Life Expectancy

Part 4: Risk Management and Market Volatility

54:31Aeroflot Flight 593: The Dangers of Autopilot and Inflation

Aeroflot Flight 593: The Dangers of Autopilot and Inflation

1:05:00Black Monday 1987: Market Crashes and Liquidity

Black Monday 1987: Market Crashes and Liquidity