The Collaborative Fund’s Morgan Housel, on his blogpost yesterday, called “Risk is what you don’t see,” tells the story of the punch Houdini didn’t see coming. This podcast (3:46) notes a parallel between the Houdini story and the famous inattentional blindness experiment, in which about 50% of viewers fail to see a gorilla sauntering into the middle of a basketball game. Housel’s point is the risk that matters is the one you don’t see; mine is the only way to defend against such risk is to have a system in place that maintains portfolio stability.
Learn more about your ad choices. Visit megaphone.fm/adchoices