The Tim Ferriss Show Transcripts: Balaji S. Srinivasan — The Network State and How to Start a New Country (#606) thumbnail
The Tim Ferriss Show Transcripts: Balaji S. Srinivasan — The Network State and How to Start a New Country (#606)
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You don’t want to be the person who is buying high and selling low. And I think the only way to not do that is set calendar reminders, assess your portfolio, whether it’s a quarterly basis or something like that, and try to make async decisions. You almost never want to sell on bad news, buy on good
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  • You don’t want to be the person who is buying high and selling low. And I think the only way to not do that is set calendar reminders, assess your portfolio, whether it’s a quarterly basis or something like that, and try to make async decisions. You almost never want to sell on bad news, buy on good news.
  • So what is very helpful is set a time. It could be once a year, Jan one, Jan five, doesn’t really matter, where you sit down and you identify say, I’m just picking a timeframe, “Six months from now,” and you grab a bunch of potential asset classes or stocks or indices. So maybe it’s Bitcoin, a barrel of oil, S&P 500 and make your predictions. And t...
  • The Overton window is the set of what things are politically acceptable, and sentiment shifts back and forth. Here’s the current center, and as radicals push that thing that was totally unthinkable moves to the center. Or conversely, conservatives push and suddenly, it gets pushed back. That’s like buy and sell pressure. In fact, you can think of i...
  • Yeah. The sweat, transpire, glisten depending on —  Balaji Srinivasan: Sweat. Yeah, exactly. Tim Ferriss: — who you want —  Balaji Srinivasan: I sweat, he perspires, she glows, right?

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