EP41: Winning Long-Term Games w. Luca Dellanna

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Me & The Market Goliath

🚶🏻 ➕ The Market 🏛️ Goliath🗿

42 episodes

5 days ago

Youtube: https://www.youtube.com/@MeandTheMarketGoliathPodcast Do you remember the biblical story of David and Goliath, a story about a warrior who used his wits and strengths to defy the impossible? Picture this and put yourself in a financial environment. You are an inexperienced investor who is trying to outsmart the financial markets but the odds are not in your favor and you don’t have the financial literacy to understand how to value a company or how complex financial markets work. Your disposable capital is stored in a bank bleeding dry to inflation, where do you start? ⠀

Investing

Business

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Investing

Business

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EP41: Winning Long-Term Games w. Luca Dellanna

Me & The Market Goliath

54 minutes 41 seconds

1 year ago

EP41: Winning Long-Term Games w. Luca Dellanna

We inited Luca Dellanna who is the book author of Ergodicity and Winning Long-Term Games: Reproducible Success Strategies to Achieve Your Life Goals to help us understand what Ergodicity means and how we can apply it to investing and in life. Episode Timestamps: (00:00) Introduction (02:16) Luca's Profession (03:19) Ergodicity (04:15) Real life examples (07:50) Why survivorship bias is a big part of winning long-term (11:00) Comparing strategies and self-awareness in life (13:48) Thinking long-term mental model (15:00) Components of long-term goals (15:33) Delayed gratification and comparing (18:35) Why playing long-term enables gratification (20:00) Alice's short-term versus Bob's long-term strategy (24:00) What's the best way to compare for self-improvement? (25:59) Understanding how others fail (28:00) What does investing mean to Luca? (31:29) What is the Kelly Criterion? (35:55) Why are moody people more efficient than mood-less individuals? (38:52) Excesses in life (39:50) How do we evaluate and teach luck? (45:29) Different types of luck and how to increase luck (48:00) De-risking in life and eliminating mixed feelings (51:15) Luca's biggest investment mistake Follow Kelvin (Podcast Host) on X (Twitter) : https://twitter.com/kelvinMMGoliath Official Podcast on X ⁠⁠: https://x.com/Memarketgoliath Subscribe to YouTube Follow Luca Dellanna on X: https://twitter.com/DellAnnaLuca Luca's Website NO FINANCIAL OR INVESTMENT ADVICE