Escape that Rat Race 6 - Speculation

00:45 What is the Rat Race?
01:12 What is IBOARSE?
01:30 What is Speculation?
02:16 The Pyramid of Wealthbattle
02:41 The Great Lie
03:35 How does it work?
05:06 Unpredictable variables
06:16 Crypto
07:10 Is the Market High?
07:44 How do I Diversify?
09:08 Underwriting
10:33 Survivorship Bias
12:47 What is Opportunity Cost?
13:34 Average vs Actual what's the difference?
16:56 How do we know to change strategy?
17:49 How do I Escape the Pit?
18:48 Conclusion - Dont get sucked in!