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How to Money

Ratcheting Up Your Risk Tolerance with Allison Schrager #553

How to Money

iHeartPodcasts

Business, Investing, Education

4.63.2K Ratings

🗓️ 15 August 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

We’re getting a little nerdy on the show today with Allison Schrager who is our favorite author on the subject of risk. She’s an economist, a senior fellow at the Manhattan Institute, a columnist at Bloomberg Opinion, and co-founder of LifeCycle Finance Partners which is a risk advisory firm. Allison has had a varied career from working in finance, policy, and media with her byline often appearing in many different publications like the Economist and Wired. She’s also written a book, “An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk” that we’re diving into as well. And we’re going to discuss what risk looks like in our world today- how we should be interpreting it as individuals, as investors, and whether we should be exposing ourselves to more risk in a world that seems obsessed with the pursuit of safetyism.

 

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During this episode we enjoyed a Busy as Daggie by Tripping Animals! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

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Transcript

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0:00.0

My name is Joshua Topolsky and I have a new podcast called What Future.

0:04.5

But I want to tell you that I'm being forced by my producer to record a promo telling you about my show.

0:10.1

And I'm not trying to force you to listen to it.

0:12.6

And maybe you're not interested in internet culture and the future of life on planet Earth.

0:18.1

And why John Carpenter movies are so good.

0:20.6

You may just want to listen to a podcast about, I don't know, sports or whatever Joe Rogan talks about.

0:26.6

And that's fine, you know, no judgment.

0:28.4

But if you like what you're hearing and I know that you do, you can listen to all of what future on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.

0:58.4

The podcast and that's what you really missed brings you back to the choir room for a gloriously gleeky rewatch of all six masterfully musical seasons of Glee.

1:19.4

Join cast members Kevin MacKale and Jenna Uschkewitz for never before heard stories from the cast, crew, celebrities and you, the fans from McKinley High to New York City, from the choir room to nationals and from the Super Bowl to a world tour.

1:32.9

Listen to and that's what you really missed on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.

1:39.4

Welcome to How To Money. I'm Joel and I am Matt.

1:43.4

And today we're talking ratcheting up your risk tolerance with Alison Shreger.

1:47.9

That's right, Alison Shreger. She's joining us today on the podcast and I'm not sure if there's anyone else out there who who thinks and who writes and talks about risk.

2:16.4

Anymore than Alison does. She's an economist. She's a senior fellow there at the Manhattan Institute, a columnist at Bloomberg opinion and a co founder of Lifecycle Finance Partners, which is a risk advisory firm.

2:28.9

Alison has a varied career from working in finance with policy and media with her byline often appearing in many different publications like the economist and wired.

2:39.4

And she's also written a book an economist walks into a brothel and other unexpected places to understand risk that we're going to dive into.

2:47.4

And we want to discuss what risk what it looks like in a world today. How it is that we should be interpreting that risk as individuals as investors and whether or not we should be exposing ourselves to more risk.

2:59.4

So Alison, thank you so much for joining us today.

3:01.9

Thanks for having me. Alison, we're glad to have you and yeah, we ask every guest that comes on the show, everybody knows Matt and I we like craft beer. Let's something we splurge on. We buy the expensive stuff from time to time.

3:12.9

Enjoying one now. Yeah, even while we're saving and investing for for the future. So our first question everyone that comes on is what is your splurge? What's your craft beer equivalent?

3:21.4

Well, it probably costs more, but I did this been too much money on close.

...

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