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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mas.to/users/kims/statuses/114280703404287537">Kim Scheinberg (kims@mas.to)'s status on Saturday, 05-Apr-2025 01:45:53 JST</a><a href="https://mas.to/@kims" title="kims@mas.to"><img src="https://gnusocial.jp/avatar/67357-48-20250524161734.webp" width="48" height="48" alt="Kim Scheinberg" style="position: absolute; left: 0; top: 0;">Kim Scheinberg</a></section><article><p>Back in 2020, finance guy Morgan Housel got asked what skiing taught him about investing. From the stage he told a story so compelling that I reread it every three months or so</p><p>It's not just insightful, it's a masterclass in narrative structure. I reread it again this morning and it holds up, especially on a day like today</p><p>Forgive me for spoiling the ending. I assure you it takes nothing away from the story or the message</p><p><a href="https://collabfund.com/blog/the-three-sides-of-risk/" rel="nofollow noreferrer">https://collabfund.com/blog/the-three-sides-of-risk/</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4845171#notice-9488977">In conversation</a><time datetime="2025-04-05T01:45:53+09:00" title="Saturday, 05-Apr-2025 01:45:53 JST">Saturday, 05-Apr-2025 01:45:53 JST</time> <span>from <span><a href="https://mas.to/@kims/114280703404287537" rel="external" title="Sent from mas.to via ActivityPub">mas.to</a></span></span><a href="https://mas.to/@kims/114280703404287537">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/4414886">In investing, the average consequences of risk make up most of the daily news headlines. But the tail-end consequences of risk – like pandemics, and depressions – are what make the pages of history books. They’re all that matter. They’re all you should focus on. We spent the last decade debating whether economic risk meant the Federal Reserve set interest rates at 0.25% or 0.5%. Then 36 million people lost their jobs in two months because of a virus. It’s absurd.Tail-end events are all that matter.Once you experience it, you’ll never think otherwise.</a></label><br><a href="https://media.mas.to/media_attachments/files/114/280/693/476/881/855/original/d13905a691aa5ec1.jpg" rel="external">https://media.mas.to/media_attachments/files/114/280/693/476/881/855/original/d13905a691aa5ec1.jpg</a></li></ol></footer></blockquote>

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Kim Scheinberg (kims@mas.to)'s status on Saturday, 05-Apr-2025 01:45:53 JST Kim Scheinberg
Back in 2020, finance guy Morgan Housel got asked what skiing taught him about investing. From the stage he told a story so compelling that I reread it every three months or so
It's not just insightful, it's a masterclass in narrative structure. I reread it again this morning and it holds up, especially on a day like today
Forgive me for spoiling the ending. I assure you it takes nothing away from the story or the message
https://collabfund.com/blog/the-three-sides-of-risk/
In conversationSaturday, 05-Apr-2025 01:45:53 JST from mas.topermalink
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1. In investing, the average consequences of risk make up most of the daily news headlines. But the tail-end consequences of risk – like pandemics, and depressions – are what make the pages of history books. They’re all that matter. They’re all you should focus on. We spent the last decade debating whether economic risk meant the Federal Reserve set interest rates at 0.25% or 0.5%. Then 36 million people lost their jobs in two months because of a virus. It’s absurd. Tail-end events are all that matter. Once you experience it, you’ll never think otherwise.
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