2851: Why You Dont Know the Price Until You Sell by Nick Maggiulli of Of Dollars and Data on Liquidity
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 2851:\nNick Maggiulli of OfDollarsAndData.com explains the unpredictable nature of asset pricing through the lens of Schr\xf6dinger's cat thought experiment. He emphasizes the importance of liquidity and emergency savings to avoid selling assets at a loss during economic downturns.\nRead along with the original article(s) here: https://ofdollarsanddata.com/why-you-dont-know-the-price-until-you-sell/\nQuotes to ponder:\n"Only once you have opened the steel chamber could you determine whether the cat was living or deceased."\n"The cruel world of price discovery can befall anyone."\n"Cash during a panic is like having water in the desert."\nEpisode references:\nWealth, War, and Wisdom: https://www.amazon.com/Wealth-War-Wisdom-Barton-Biggs/dp/0470223073\nWhen Genius Failed: https://www.amazon.com/When-Genius-Failed-Long-Term-Capital/dp/0375758259 \nLearn more about your ad choices. Visit megaphone.fm/adchoices