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3349: Room For Error by Jesse Cramer of BestInterest on Financial Planning and Resilience

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Manage episode 518837634 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3349:

Jesse Cramer unpacks the underestimated power of "room for error" as a life and investing strategy, drawing insights from Morgan Housel, Charlie Munger, and Howard Marks. Instead of chasing peak performance, Cramer advocates for avoiding disaster, building resilience, and prioritizing consistency, especially when stress can derail even the best-laid plans.

Read along with the original article(s) here: https://bestinterest.blog/room-for-error/

Quotes to ponder:

"In investing and in life, prioritize avoidance of terrible situations."

"Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor."

"Invest! Harness the power of humanity’s economic engine and compound returns."

Episode references:

The Power of Inversion: https://fs.blog/inversion/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4152 episodes

Artwork
iconShare
 
Manage episode 518837634 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3349:

Jesse Cramer unpacks the underestimated power of "room for error" as a life and investing strategy, drawing insights from Morgan Housel, Charlie Munger, and Howard Marks. Instead of chasing peak performance, Cramer advocates for avoiding disaster, building resilience, and prioritizing consistency, especially when stress can derail even the best-laid plans.

Read along with the original article(s) here: https://bestinterest.blog/room-for-error/

Quotes to ponder:

"In investing and in life, prioritize avoidance of terrible situations."

"Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor."

"Invest! Harness the power of humanity’s economic engine and compound returns."

Episode references:

The Power of Inversion: https://fs.blog/inversion/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4152 episodes

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