Misery Loves Company
“No Risk, No Reward”
This week I want to talk about one of the oldest chestnuts in the investing playbook. “No risk, no reward.”
28 TRILLION DOLLARS!
The hottest IPO in history happened this week: Elon Musk’s SpaceX (SPCX). We already talked about it a bit on the podcast, but in case you haven’t listened to it, here’s my take on it.
The Fast and the Strong
The Asymmetry of Ruin
I read this story in Tobias Carlisle’s latest book,[ “Soldier Of Fortune”](https://www.amazon.com.au/Soldier-Fortune-Buffett-Ancient-Risk-Taking-ebook/dp/B0FT516BDW) (by the way, we interviewed him this week, should be out soon).
The Macro Myth
## The Myth: You need to understand interest rates, GDP, inflation, central bank policy, and geopolitical trends to invest well.