Brendan Moynihan Co-Author on “What I Learned Losing a Million Dollars” Podcast
Synopsis: Today on the show Michael Covel interviews author Brendan Moynihan. Moynihan’s co-authored book, “What I Learned Losing a Million Dollars” is a profile of trader Jim Paul along with Moynihan’s ideas and thoughts on behavioral finance, risk management, and loss-taking strategies that all great traders act upon. Although released almost twenty years ago Moynihan’s book contains timeless wisdom and principles that pertain to any number of issues surrounding us today. Covel and Moynihan talk about how Moynihan’s background, the background of his subject, Jim Paul, and how the two came together in “What I Learned Losing a Million Dollars”; the psychology of loss and what we can learn from losing; the idea that you “just have to make the money” and why that can be a bad place to start as a motivator; personalizing loss;
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