Our allocation to risky assets should vary based on the expected return, volatility, risk aversion, and how much we can earn risk-free. That means we should be taking less risk right now. Listen to learn why.Topics covered include:<ul><li>Why there are so few billionaires</li><li>Why did the hedge fund Long Term Capital Management implode</li><li>Why how much to invest is more important than where to invest</li><li>How the Merton share formula can assist with determining what percent of our wealth to invest in risky assets</li><li>Why are expected outcomes so much greater than the median outcome and why that matters to our investing</li></ul>Sponsors<a href="https://joindeleteme.com/david20" rel="noopener noreferrer" target="_blank">Delete Me - Use code David20 to get 20% off</a><a href="https://masterworks.com/david" rel="noopener noreferrer" target="_blank">Masterworks – invest in contemporary art</a>Masterworks Disclosure:“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures:&nbsp;<a href="https://www.masterworks.com/about/disclaimer" rel="noopener noreferrer" target="_blank">Masterworks.com/cd</a>&nbsp;Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.</a>Show Notes<a href="https://www.economist.com/finance-and-economics/2023/09/21/how-to-avoid-a-common-investment-mistake" rel="noopener noreferrer" target="_blank">How to avoid a common investment mistake - Buttonwood - The Economist</a><a href="https://elmwealth.com/book/" rel="noopener noreferrer" target="_blank">The Missing Billionaires: A Guide to Better Financial Decisions by Victor Haghani and James White</a><a href="https://moneyfortherestofus.com/influential-books/" rel="noopener noreferrer" target="_blank">Money For the Rest of Us List of Most Influential Books</a><a href="https://www.nytimes.com/2023/10/09/business/charles-f-feeney-dead.html" rel="noopener noreferrer" target="_blank">Charles Feeney, Who Made a Fortune and Then Gave It Away, Dies at 92 - New York Times</a><a href="https://elmwealth.com/coin-flip/" rel="noopener noreferrer" target="_blank">Elm Partners Coin Flip Exercise</a><a href="https://aip.scitation.org/doi/pdf/10.1063/1.4940236" rel="noopener noreferrer" target="_blank">Evaluating gambles using dynamics - O. Peters and M. Gell-Mann </a>Related Content<a href="https://moneyfortherestofus.com/250-avoid-ruin/" rel="noopener noreferrer" target="_blank">250: Investing Rule One - Avoid Ruin</a><a href="https://moneyfortherestofus.com/portfolio-rebalancing/" rel="noopener noreferrer" target="_blank">Why You Should Rebalance Your Portfolio</a><a href="https://moneyfortherestofus.com/196-survive-financially/" rel="noopener noreferrer" target="_blank">196: How to Survive Financially</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market

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