Reasonable vs. Rational
Apr 02, 2025•16 min•Season 1Ep. 71
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Episode description
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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