2723: When Wealth Isnt Real by Nick Maggiulli of Of Dollars and Data on Personal Financial Habits
b'Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\\nEpisode 2723:\\nDelve into the story of Bill Hwang and his astonishing $20 billion loss through Nick Maggiulli\'s insightful exploration, "When Wealth Isn\\u2019t Real." Maggiulli challenges our perceptions of wealth, illustrating through Hwang\'s debacle and other examples that much of what we consider financial substance may be mere illusion, prompting a rethink on what truly counts as economic value.\\nRead along with the original article(s) here: https://ofdollarsanddata.com/when-wealth-isnt-real/\\nQuotes to ponder:\\n"In some cases, wealth isn\\u2019t what it seems. We can see it. We can count it. We can write it down on a piece of paper. But as soon as we go to touch it, it disappears."\\n"Warning against the use of 5x leverage would be like warning against the dangers of getting injured while playing in the NFL. It is a risk, but not one that 99.9% of people have to worry about."\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'