96 - The difference between "Right" and "Useful" for investors

Mental Models discussed in this podcast:

• Discounted Cash Flows

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Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode96

Summary:

Your goal as an investor is not to be the most accurate in your calculations or to do everything the 'right' way. Your goal is to make money. Sometimes the right way technically leads you to make worse decisions.