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Published · transcript-backed

Tyler Cowen: belief

23 Feb 2022 Conversations with Tyler Chuck Klosterman on Writing the Past and Relishing the Present

“I would say high-quality real estate and cheap hobbies — I’m sure you have at least one of those right now, probably both — are the best hedges.”

— Tyler Cowen

Source trail

Everything needed to verify it.

Speaker
Tyler Cowen
Attribution
Verified speaker
Claim type
belief
Recorded
23 Feb 2022
Publisher
Conversations with Tyler

Transcript context

…It might be, though, just what your personality is like. There’s a certain personality whose goal seems to be to make more money, and my personality is, “Don’t lose the money you’ve made.” I seem so lucky to have had things work out the way they have. My fear always is that, in the end, I’m going to have nothing again. Somehow, I’m going to have put all this time in, and done all of these things to accumulate this wealth that seemed absolutely unfathomable to me for most of my life, but somehow, I’m going to end up exactly the way I started. It’s not going to happen unless you blow it through some weird addiction. I would say high-quality real estate and cheap hobbies — I’m sure you have at least one of those right now, probably both — are the best hedges. You’ve got them. Take more risk. Okay.…

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