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Real Vision: Finance & Investing

Adventures in Finance 36 - Battlegrounds: From Warfare to Wall Street with Preston Pysh

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 6 October 2017

⏱️ 59 minutes

🧾️ Download transcript

Summary

A truly insightful and at times hard-hitting interview with Preston Pysh, host of The Investors Podcast. What’s it like to go from commanding a company of Apache helicopters in Afghanistan, as part of the 101st Airborne, to navigating the markets on wall street and co-hosting one of the world’s top investing podcasts? What can you learn from combat experience that can help maintain mental fortitude as a trader? We also send Preston to Mars and find out just what he can’t live without. In our “Things I Got Wrong” segment, Tim Price, from Price Value Partners in London… explains how a strongly-held, post-2008 conviction got him into trouble. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Picture yourself on the beach, retired early and enjoying financial freedom.

0:08.0

If this is your dream, then now's the time to level up your investing game, and Real Vision can help you. We arm you with the

0:15.0

knowledge, the tools, and the network to succeed on your financial journey on your

0:20.7

own terms. Take control of your future and visit real vision.com

0:26.0

forward slash free. Hi, I'm Raal Pal, co-founder and CEO of Real Vision. Thank you so much for listening to the Real Vision podcast.

0:42.0

At Real Vision Podcast.

0:43.0

At Real Vision, we pride ourselves in providing the best in-depth expert analysis available

0:48.0

to help you understand the complex world of finance, business and the global Economy. If you like what you hear, I hope

0:55.7

you'll accept my invitation to try Real Vision Plus for 30 days for just one dollar.

1:01.3

Visit Real Vision Podcast

1:03.4

today and join us as we navigate the financial world together.

1:07.8

Cheers.

1:08.8

More and more! When things kind of go crazy and you see the 10% jump or the 10% drop or whatever, I say,

1:22.0

okay, so let's not get emotional. I can't make a wise decision right

1:26.2

now because there's too much emotional charge in my brain. I've got to take a step back

1:29.8

and go through this in a thoughtful manner. It was hard for me to focus because you were just like holy crap like somebody could literally shoot around straight through my

1:53.5

cockpit into my face. So like your mind is going so wild I can only imagine what

1:59.4

the neurons look like as this was happening.

2:03.0

Sometimes financial markets can feel like a battleground.

2:08.0

Prices move around in ways you don't expect.

2:10.0

The actions of outside forces such as central bankers and politicians cause collateral damage that simply wasn't anticipated and you find yourself in the wrong place at the wrong time to calamitous effect.

2:21.0

But despite how bad things may seem at times, nothing you encounter in your

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