This episode explores mental models like discounted cash flow, margin of safety, and why ignorance, uncertainty and imperfect maps are unavoidable parts of decision-making. Using real-estate and business examples, it shows why long-term investing is less about prediction and more about judgment under ignorance and uncertainty.

This podcast is for educational purposes only and does not constitute investment advice. The hosts may hold positions in assets mentioned. Examples reflect conditions at the time of recording.

Meditations of an Investor with Maximilian Zumtobel and Julius T. Geiger.

This episode examines how scarcity shapes behavior and why financial independence facilitates ethical choices. A practical conversation on how to think about different life-paths, choosing optimal strategies, and building robustness instead of chasing quick wins.

This podcast is for educational purposes only and does not constitute investment advice. The hosts may hold positions in assets mentioned. Examples reflect conditions at the time of recording.

Meditations of an Investor with Maximilian Zumtobel and Julius T. Geiger.

This episode explores how every success is part luck, part input. Using concrete examples from markets, games, and real life, it shows why short time horizons amplify randomness while long horizons allow skill and judgment to play out. A clear argument for focusing on controllable actions, avoiding overconfidence, and choosing games where patience actually compounds.

This podcast is for educational purposes only and does not constitute investment advice. The hosts may hold positions in assets mentioned. Examples reflect conditions at the time of recording.

Meditations of an Investor with Maximilian Zumtobel and Julius T. Geiger.