Episode 28

Pessimists sound smart. Optimists make money.

Does it pay to be an optimist?

Volatile financial markets and flaws in human psychology can cause many investors to be unduly pessimistic.

Yet, remaining an optimist - and remaining invested - is the surest way to achieve the unrivalled long-term returns of the stock market.

Today, we discuss why optimism about investing is not only desirable but rational. And how to spot biases and alarmist thinking that can lead to destructive behaviour.

And in today’s Dumb Question of the Week, we ask: Why hold any bonds at all?

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About the Podcast

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Many Happy Returns
The weekly podcast that makes better investors

About your hosts

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Ramin Nakisa

Ramin is an investment coach, YouTuber and founder of PensionCraft.

He worked for 15 years as an investment banking strategist and has published two books: “A Financial Bestiary” and “Invest in Fear”.
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Michael Pugh

Michael is a media executive in London, working in news, television and music.

He is an enthusiastic amateur investor and new dad.