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Hi pal,
Risk is abstract. Our minds not only struggle with imagining it, we also grapple with calculating the probability of reward.
I think I have a strong appetite for risk. And the people I tend to surround myself with do too. For example, business owners, artists and the intriguing cohort that are both take on huge amounts of risk in the hopes of a commensurate reward.
I feel more equipped to navigate risk in my own life when I try to understand how other folks think about it in theirs. This is why I wanted to chat with Darren Robinson for this week’s episode of Weird Finance. He’s a guitarist, and he’s pretty all-in with when it comes the very risky game of investing in crypto.
How are you taking and thinking about risk these days?
Your pal,
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1.🌱 Investing in Yourself and Taking Financial Leaps with Darren Robinson (Weird Finance) In this episode of Weird Finance, Paco talks to Darren Robinson (@darrenrobinson), guitarist in the band Phantom Planet. They discuss Darren's journey in the music industry, getting a record deal, working with friends over many decades, his love of cryptocurrency, and navigating investing. This episode also features The Economic Outlook with financial astrologer Susan Gidel.
2. 💲The Complicated Future of Student Loans (The New York Times)
3. ✏ Do You Want to Be Known For Your Writing, or For Your Swift Email Responses (Catapult)
4. 🤓 A bookkeeping thing - What Is Lumpy Cash Flow? And How to Smooth It Out (HYG Original)
5. 💭 How To Manage Money When You're Continually Underpaid (Paco for Refinery29) This month, we hear from someone working in the chronically underpaid industry that is academia.
6. 😎 $100 Million Gone in 27 Minutes (New York Magazine) After possibly the most expensive jewelry heist in U.S. history, Brink’s went after the victims.
7. 🔎This Is Catfishing on an Industrial Scale (WIRED) Hired as customer service reps, these freelancers were instead tasked with luring in the lonely and lovestruck through a network of dating and hookup sites.
8. 🐻 Bear Markets and Identity Crises (Young Money) "When you identify with [a] speculative asset, and that speculative asset starts looking like a speculative liability, you face a choice: do you sell to preserve your capital, or do you HODL to preserve your identity?”
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If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com.
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