Predictions and projections we make about money are always wrong. In fact, they are wrong from the minute they’re produced. So why do financial advisers use them, if they’re never right? In this episode, Michael and Dallas look at why projections are important, and how to use them even when we know they will be incorrect.
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299 Pain from losing money is twice as strong compared to the joy felt from gaining money
298 Be wary of living out of your home loan
297 When to take advice
296 Warren Buffett says you can just own three companies
295 The green and red numbers
294 High water marks are dangerous
293 Building the Lego Titanic
292 33 Years of retirement
291 You’re not going to be dead by 80
290 Why diversify
289 Should I have bought $160 pyjamas?
288 Rationality under uncertainty
287 How cash in the bank can change behaviour
286 All the interesting discussions are about trade-offs
285 You can’t get money if you secretly despise it
284 Stop neglecting yourself!
283 Do you have any idea how long shares have been around for?
282 Why companies share prices keep growing
281 The Simple Things
280 The first year of retirement is always the most volatile
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