In this episode of 'Durable Value', hosts Ryan Swehla and Joe Muratore talk about the psychology behind risk and reward, particularly in the context of real estate investing. They discuss topics such as loss aversion, market cycles, and balancing caution with optimism, providing valuable insights and practical advice for investors at any stage in their career.

00:00 Introduction

00:17 Human Psychology and Loss Aversion

04:45 Market Psychology and Real Estate Cycles

07:15 Balancing Caution and Optimism

09:06 Advice for Younger Investors

10:01 Advice for Older Investors

12:00 Sensitivity Analysis in Investing

13:08 Strategy Over Tactics

14:28 Conclusion