Thread by @KrisAbdelmessih

New post:

Talking To The Diamond Hands

This is the 3rd and last post of recent reflections about investing and risk.

This post is about how personal risk is.

What you'll find:

moontowermeta.com/talking-to-the…

🧠How Finance Brains Think Of Risk

Investors use math and models to quantify risk and size positions.

But it all rests on an unchallenged, qualitative assumption. Relax it, and people seem less crazy.

🧑‍🤝‍🧑How normies think of risk

I include a short script of how you can talk to a normal person about risk.

I explain what it means when you disagree. Sometimes it's ignorance. Sometimes it's different goals.

But you won't know unless you engage. The script helps you engage.

Risk is the possibility of not reaching your goals. It's not a formula.

Understand:

🛒"need to have" vs "like to have"
🏆The role of thymos
😞regret

This post will help you reflect on:

🎯Your goals and your reasons for them
📓 Risk management rules that match your objective
🤳The personal aspect of risk and goals.

I hope this post sparks thought, empathy, and differentiating between reckless and when "reckless" is the way

Separately, this is the 3rd and final post of my recent reflections. I appreciate the awesome response the prior 2 received.

Investing Feels Like Astrology moontowermeta.com/why-investing-…

My mistakes in porting trading ideas to investing
moontowermeta.com/how-i-misappli…

And finally one last bit...I saw this tweet by @BrentBeshore

So I went to @morganhousel site and found a very related recent post that resonated.

collaborativefund.com/blog/play-your…