Rabbi Evan Moffic leads the show today discussing how a comic strip creator can teach us things about ourselves that the bible tries to show us and that can help us in our investing. Many of us have certain beliefs in what kind of people we are and how we react in various situations, but they don’t hold true. Rabbi Moffic explains how we can set our lives in a way that we can respond in ways that are consistent with our beliefs, not just in an instictual lashing out.
Key Takeaways:
[5:51] We think we’re rational and understanding of our situation, but we’re wrong, and the bible understands that
[8:53] The best investors have systems and rules in place to prevent their emotions from taking over
[13:07] Fear is an enormously powerful motivator
[17:31] We don’t have any literal slaves in the United States anymore, but many of us are slaves to something in our lives, whether it’s our job, our possessions or something else
[22:58] Have a system/philosophy rather than a goal
Website:
Employment is one of the fundamental factors of economic growth that represent the most frequently used yardstick for measuring recoveries. In discussion of employment, there are two distinctly different categories of unemployment that must be understood. The first is the ‘narrow’ definition that compares the people who are unemployed and looking for work against the total labor force who is employed or looking. The alternative or ‘broad’ definition includes discouraged workers who have stopped looking for work and incorporates the number of people who are working part time, but would like to be employed full time.