Sweat Your Assets Podcast

We're wired to avoid risk. It's biological — built into us long before financial markets existed.

In this Sweat Your Assets episode, Professor Aswath Damodaran — the Dean of Valuation — traces risk aversion all the way back to Bernoulli's 18th century experiment, and explains why understanding why we fear risk is just as important as understanding risk itself.

Enjoy.

Sweat Your Assets, Alessandro BARONI

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

The Chinese word for risk is made of two characters: danger and opportunity. And that tension is exactly what most investors get wrong. In this Sweat Your Assets episode, Professor Aswath Damodaran — known as the Dean of Valuation — breaks down what risk really is, why we can't fully measure it, and why that's not a problem to solve but a reality to understand. Enjoy.

SWEAT YOUR ASSETS, Alessandro Baroni

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

In 1986, Charlie Munger — vice chairman of Berkshire Hathaway and Warren Buffett's long-time partner — delivered one of the most unconventional commencement speeches ever given.

Instead of telling the graduating class how to be happy, he told them exactly how to guarantee misery. The logic? Simple. If you know what destroys a life, just avoid those things — and your odds of a good one go way up.

The idea was borrowed from Johnny Carson — legendary host of The Tonight Show — who had done the same years earlier. Munger liked it so much, he expanded it with four prescriptions of his own.

The original audio does not exist, so it is delivered here in another voice. This is an abridged version of that speech. Every prescription. Every key quote. Nothing essential left out.

Read the full original speech: 👉https://sweatyourassets.biz/guarantee-a-life-of-misery/

Invert. Endure. Compound.

Sweat Your Assets —You are not separated from your goals by a number of years, but by a number of decisions.

📩 Subscribe for more: https://sweatyourassets.aweb.page/financial-growth-newsletter

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

Let's talk about something most investors never stop to question.

Not which stocks to pick. Not which sector is hot right now. But the way they actually think about investing... and whether that way of thinking is working against them.

Welcome to a new episode of Sweat Your Assets. I'm Alessandro, and today I want to take you back to a conversation that happened in 2013... but honestly could have been recorded yesterday.

It's a sit-down between two people who have shaped modern finance more than almost anyone else. On one side... Howard Marks. Co-founder and co-chairman of Oaktree Capital Management... a firm built on a very specific corner of the market. High-yield bonds. Private credit. Distressed debt. In other words... the companies most investors won't touch. The ones that look broken on the surface. And yet... that's exactly where Oaktree has quietly built one of the best long-term track records in the industry. Marks is also the author of The Most Important Thing... a book Warren Buffett called... and I quote... a useful book. Which from Buffett... is basically a standing ovation.

On the other side... Michael Milken. Chairman of the Milken Institute... and one of the most controversial and consequential figures in the history of capital markets. The man who essentially invented the high-yield bond market... and who, years earlier, had a meeting with a young analyst named Howard Marks that would shape Marks' entire investment philosophy.

Think about that for a moment. These two didn't just meet for an interview. They go back decades.

Now... I'm not going to pass you straight to the recording. Instead, I want to share some of the highlights with you... the moments that I think matter most... and give you some context along the way so you can really absorb what's being said.

Because here's the thing. The ideas Marks discusses in this conversation... second-level thinking... the relationship between risk and price... why most investors are playing the wrong game... none of that has an expiry date. Markets change. Headlines change. The psychology driving those markets? Barely moves at all.

So let's get into it. And as always... you can find more at sweatyourassets.biz.

Alessandro

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

Should you focus on saving more or earning more? It's one of the most debated questions in personal finance — and most people are asking it the wrong way. In this episode, we break down the wealth formula that sits beneath the debate, explain why the sequence matters more than the choice, and show you why a dollar saved is worth more than a dollar earned — for three distinct reasons. We also cover when to prioritise each lever depending on where you are in your financial journey, and why building lasting wealth means thinking well beyond your investment portfolio. No shortcuts. Just the formula, applied with patience.

Thank you for tuning in — and as always, sweat your assets.

Alessandro

sweatyourassets.biz

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

Think and Grow Rich is one of the most recommended books in personal finance. It has sold over a hundred million copies, sits on every entrepreneur reading list, and is endorsed by some of the most successful people in the world.

There is just one problem. The man who wrote it was a professional conman, the credentials were fabricated, the famous mentors were invented, and the book contains an entire chapter on channelling sexual energy into wealth... backed by the example of a castrated bull. In this episode, Alessandro cuts through ninety years of hype to ask the question nobody in the self-help world wants to answer honestly: is there anything real underneath the con?

What does the science actually say about mindset, positive thinking, and the Law of Attraction? And why does a wrong mindset guarantee failure... while the right one still cannot guarantee success?

Welcome to a new episode of the Sweat Your Assets podcast.

Tune in and Enjoy the episode.

Alessandro

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

What does it really mean to afford something? Most of us answer with a simple check: do I have enough to buy it? But one of the oldest rules in personal finance sets a stricter standard.

The 2× Rule says: if you cannot afford to buy it twice, you cannot afford it at all.

Rooted in Talmudic wisdom, echoed by Buffett and Taleb, and illustrated unforgettably by Gogol’s tragic clerk who lost everything when his coat was stolen — this rule is less about money than about what it means to truly own something. And in a world built around Buy Now Pay Later, it may be the most countercultural financial idea you’ll read today.

Thank you for tuning in. Until next time,

Sweat Your Assets

Alessandro Baroni

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

Financial responsibility is universally praised — by policymakers, educators, and personal finance advocates alike. Saving, investing, and planning ahead are essential, not just for individual well-being, but for the health of society as a whole.

And yet, something curious happens in practice. In certain circles, those who save diligently, invest wisely, and live below their means are met with mockery and quiet circumspection. The disciplined are cast as cold and calculating. The carefree spender is the one people warm to.

This episode examines that inversion honestly — where it comes from, why it persists, and what it costs us. It is a deliberately provocative conversation, tackling a subject where misplaced guilt, social pressure, and paternalism dressed as compassion do real damage.

The goal is not to shame anyone. It is to have the honest conversation that too many circles make difficult.

Keep it real. Sweat Your Assets.

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

Welcome to a new episode of the Sweat Your Assets podcast.

Howard Marks is the co-founder of Oaktree Capital Management and author of "The Most Important Thing" and "Mastering the Market's Cycles".

In this 2022 Q&A, he shares his investment wisdom covering these subjects:

How to measure the temperature of the markets

The danger of weaving a narrative. The case of tech and bitcoin

Making money by lending to crap companies

The logic behind market calls

The value of idiosyncratic positions

Dare to be great

We don't value quantitative analysis and models

Be a sceptic (the case of Bernie Madoff)

Learn your lessons inexpensively

Success carries the seeds of failure

It is all about Balance

How to rely (or NOT) on DATA

Fixed Income Investing is the Negative Art

If we avoid the losers, the winners take care of themselves

Know what you don't know & know something other people don't know

Thank you for tuning in.

Until next time.

Sweat Your Assets

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Sweat Your Assets, we explores why education is the true foundation of financial freedom. Inspired by a powerful story from Italian intellectual Corrado Augias, and drawing insights from thinkers like Charlie Munger and the iconic red-pill metaphor from The Matrix, this conversation goes beyond money tactics and investment strategies.

In an age of artificial intelligence, information overload, and financial noise, the real competitive advantage is not access to data — it is judgment. This episode examines how critical thinking, lifelong learning, and intellectual discipline protect you from manipulation, poor financial decisions, and passive conformity.

If you care about financial education, independent thinking, wealth building, and long-term personal freedom, this episode will challenge you to rethink what it truly means to be “financially free.”

Because financial freedom does not begin with assets.

It begins with escaping ignorance.

Sweat Your Assets is a financial education platform built on one idea: anyone can learn to manage money wisely, build wealth steadily, and make decisions that hold up over time.

The podcast is one piece of a larger sandbox — alongside a blog, YouTube channel, and monthly newsletter. Everything comes from what I read, test, and apply about money, investing, and financial freedom.

No sponsorships. No shortcuts. Just honest, evidence-based thinking.

Each episode covers what actually matters: financial mindset, money psychology, investing principles, building income, and avoiding the traps that keep people broke.

The conversations the mainstream media rarely has, because they don't sell.

If you want to think more clearly about money, you're in the right place.

Sweat Your Assets — Alessandro Baroni 🌐 sweatyourassets.biz ▶️ youtube.com/c/SweatYourAssets 📩 Newsletter: sweatyourassets.aweb.page/financial-growth-newsletter

Hosted on Acast. See acast.com/privacy for more information.