Ed Elson
๐ค SpeakerAppearances Over Time
Podcast Appearances
having a position on either side, both of them are very reasonable.
And that's why I think a lot of people would maybe listen to us right now and say, oh, they're talking out of both sides of their mouth.
It's like, yeah, because there are different futures here.
And there are different probabilities to those different futures.
And that's what we're trying to parse out right now.
What is the probability of it going right?
What's the probability of it going wrong?
They're both decent probabilities.
Now, a framework that I would add on to this, I think, going forward,
I think it is the investor's job to ask what could go right.
Because as you say, if you are an investor and you spend all your time thinking what could go wrong, you are going to get absolutely destroyed.
If you never put your capital to work, if you never take risks, if you always think that tomorrow is going to be doomsday, you're just never going to get rich.
So that's why we're asking this question.
This is an investing show.
If you want a chance of getting rich, sorry, you must ask yourself what could go right.
You have no other choice.
If you want to just sit and stay, you know, never increase your income, never increase your assets, then okay, go for it.
And just always ask what could go wrong.