27. Save Like A Pessimist, Invest Like An Optimist

The Seafarer Investor by Seoshin

Episode notes

In today's short solo episode, I will be talking about Morgan Housel's article on the topic of saving and investing. This one is close to my heart as it affected how I deal with short term setbacks and how I view my emergency fund.

Timestamps:

-The story of Bill Gate's paranoia [01:35]

-The lack of emphasis on personal finance in the world of investing. [03:02]

-Why I doubled my emergency fund. [03:48]

-Morgan's interesting take on savings. [05:22]

-Why being a seafarer warrants more to save like a pessimist. [06:11]

-Investing like an optimist. [07:51]

-A healthy balance between optimism and pessimism. [09:06]

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