“How balanced is your life portfolio? If one area of your life were to not work out, how vulnerable would you be? When is the last time you rebalanced your life's portfolio? When have you last expanded your life portfolio?”Dr. Brett Steenbarger is a trained psychologist, trading coach, author and blogger at TraderFeed. Tadas got Dr. Brett on the phone to talk about a recent post of his entitled “Why Diversification Works in Life and Markets” where he discusses the importance of having a diversified life portfolio to offset some of life’s inevitable ups and downs.You can read more about Dr. Brett at his blog TraderFeed and Forbes:https://www.forbes.com/sites/brettsteenbarger/2019/05/27/why-diversification-works-in-life-and-markets/Enable our Alexa skill here - "Alexa, play the Compound show!"https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZTalk to us about your portfolio or financial plan here:https://ritholtzwealth.com/Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.https://thereformedbroker.com/terms-and-conditions/ Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.