The main fight in investing is with oneself: panicking, overreacting, underreacting, refusing to observe the present, living in the past or over-believing in the future are psychological traps.

Drawn from what Chamath Palihapitiya said

What these subjects mean

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

behavioural science Applying how people actually decide to policy, rather than assuming how they should.

What Chamath Palihapitiya actually said

Chamath Palihapitiya 13 Oct 2020 Founder and CEO of the venture firm Social Capital

when push comes to shove, um what you're always going to be fighting is yourself. Um panicking, overreacting, underreacting, um you know, um refusing to observe the present, um living too much in the past, wanting too much to believe in the future. So, it's all psychological traps.

Where this was said
Watch from 0:52:53 plays here
↗Chamath Palihapitiya: Freedom, Bitcoin, and First Principles | The Knowledge Project #94youtube.com

13 Oct 2020 · video · 1h 30m · spoken · machine transcript

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