Ep. 213 Mark Spitznagel Teaches the Economists How to Invest
Bob reviews Mark Spitznagel’s latest book, “Safe Haven: Investing for Financial Storms,” on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought.
Mentioned in the Episode and Other Links of Interest:
- Bob’s appearance on Jordan Peterson‘s podcast.
- Bob’s surprisingly high ranking among influential economists. His episode with Winston Ewert (who helped design the AI that produced the ranking).
- Mark Spitznagel’s new book Safe Haven: Investing for Financial Storms and his previous book, The Dao of Capital. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
I await the follow-up episode where Bob revisits critiques of whole life insurance with this insight in mind.
I’m still not convinced by the IBC argument because it requires insuring something that shouldn’t be insured (your certain death), but numerical analysis is complicated by several assumptions. I’m additionally plagued by a conflict of biases (hating both banks and insurance) haha.