Ep 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan

Brendan Moynihan is a Managing Director at Marketfield Asset Management ($20 billion of assets under management). Mr. Moynihan is also the Senior Advisor to the Editor-in-Chief of Bloomberg News, and an adjunct professor at Vanderbilt University, where he teaches both international finance and investment analysis. Previous to all of these posts, he spent more than 20 years on Wall Street as a trader and risk manager. He is the author of Next Time will Be Different: Why Economists Can't Predict Financial Panics and Crises (Infrared Press, 2013), the author of Financial Origami: How the Wall Street Model Broke (Bloomberg Press, 2011), and the co-author of What I Learned Losing A Million Dollars (Columbia University Press, 2013), which is about the losses and lessons of investor Jim Paul. He is currently writing a book on the "science" of risk management.  *** If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews! For show notes and past guests, please visit tim.blog/podcast. Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday. For transcripts of episodes, go to tim.blog/transcripts. Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form. Discover Tim’s books: tim.blog/books. Follow Tim: Twitter: twitter.com/tferriss  Instagram: instagram.com/timferriss Facebook: facebook.com/timferriss  YouTube: youtube.com/timferriss Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Ne