Risk and Capacity For Loss
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 22 May 2019
⏱️ 30 minutes
🧾️ Download transcript
Summary
Risk is an essential part of investing, and I want to say right off the bat that it is a GOOD THING! We're conditioned to understand the word risk as a negative, but in today's show, I want to reinforce the exact opposite. Plus, I chat with my friend Nick Lincoln of Values to Vision about his strong views on the idea of capacity for loss.
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money Podcast season 14 episode 5. |
| 0:07.0 | This is the podcast dedicated to helping you put your finances in order. |
| 0:18.0 | My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure |
| 0:23.6 | your financial future. I'm here to help you make sense of money. |
| 0:34.0 | Here we go. Here we go. Great to have you with me to... |
| 0:37.0 | Well, let's talk about money, shall we? That's what we do here and you know what, it's about 50 degrees here in my office I've just been a |
| 0:45.1 | guest on another podcast with my good friend Catherine Morgan of the in her |
| 0:50.2 | financial shoes podcast so I'm really really hot my throat is really dry but you |
| 0:54.6 | know what I still love doing this anyway I just quit complaining let's get on with it |
| 0:59.1 | let's talk about risk because risk is an essential part of investing and I think we need to say right off the bat |
| 1:06.0 | risk is a good thing |
| 1:08.0 | okay now we are conditioned to understand that word risk is a negative thing |
| 1:12.0 | usually because it's a risk of loss of some kind. |
| 1:16.0 | In today's show though I want to enforce the exact opposite of that. |
| 1:19.7 | The risk actually is a good thing and needs to be harnessed. |
| 1:23.0 | So that's what we're talking about today. |
| 1:24.5 | As usual, after the main body of the show, we'll read a review and look at what we're going to be talking |
| 1:28.3 | about next time. |
| 1:29.3 | Before all that, they'll remember, this podcast is brought to you with the help of my friends at 7 Investment Management. |
| 1:35.1 | They continue to sponsor the show here, been helping me out since 2011. |
| 1:39.2 | Super grateful to them for doing so, really could not have built this to what it is without their help. |
| 1:43.0 | Also, check out the self-invest website that they've built, which is branded meaningful money. |
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