If you have had more than a 10 minute conversation with me in the last couple years, chances are I’ve mentioned my obsession with audiobooks and podcasts. If you’re one of the lucky ones who has not yet had this conversation, here is my spiel:
A major turning point in my professional education occurred when I realized I could optimize my hour-long commute by listening to audiobooks, lectures, and podcasts instead of music. Since I started 3 years ago I’ve averaged about a book a week and it has been a crucial component in both my personal and professional development. Eventually I began listening to these while working out, walking the dog, cleaning, etc. It can be hard to find the time to sit down and read a book, but nearly everyone has a moment in their day when they actually could be absorbing information.
This morning I just finished listening to a series of lectures about the Economics of Uncertainty from The Great Courses. I found this particularly insightful as it relates to investments and portfolio management. When you think about returns, what investors are really being compensated for is uncertainty. Lectures like these help reinforce our realistic view of the world, further develop our understanding of trade-offs, and support our academic stance on building portfolios and financial plans.