Iwuć vs. Cymcyk na Kanale Zero. O co naprawdę poszło?

A short clip of a financial panel at Congress Zero went viral. Some saw a "fight" between Marcin Iwuć and Piotr Cymcyk. Others saw an out-of-context fragment of a larger discussion. I saw something more interesting: a dispute not just about ETFs, the Nasdaq, or active investing, but about what risk actually is. Because the question "who was right?" is much less interesting than the question: what assumptions underlie each answer? This isn't an episode about what to buy. This is an episode about how to think. KRUPA Markets Newsletter: https://www.krupaorynkach.pl -- CHAPTERS -- 0:00 Introduction, auction, and fundraising for Szymonek 2:30 The Iwuć-Cymcyk clash: what the internet saw 4:10 One question, three different answers 4:55 Three philosophies, three assumptions 7:20 What risk really is 10:44 One thing they agreed on 12:21 Four questions before you choose 14:03 My thesis and the condition for changing my mind 15:16 Summary -- FUNDRAISER FOR SZYMONEK -- I'm starting this episode with something outside of the markets. If you can, contribute to the fundraising: https://www.siepomaga.pl/szymonek-lip... -- WATCH NEXT -- Income-rich, capital-poor. Why?    • Bogaci dochodowo, biedni kapitałowo. Dlacz...   A trillion złoty isn't working. What are Poles losing?    • Bilion złotych nie pracuje. Co tracą Polacy?   Krupa's portfolio: 432% in 3 years. And the price for this result.    • Portfel Krupy: 432% w 3 lata. I cena za te...   -- DISCLAIMER -- This material is for educational and analytical purposes. It expresses solely my opinions and my way of thinking about the markets. It does not constitute an investment recommendation, investment advice, or an offer to buy or sell financial instruments. You make all investment decisions independently and at your own risk. I do not know your financial situation, goals, investment horizon, or risk tolerance. Investing involves the risk of losing capital. I am referring to the public statements of the panel participants. I am presenting my own interpretation of their arguments; I am not judging individuals. Full legal disclaimer: https://www.krupaorynkach.pl/disclaim... Krupa on Markets. Markets without illusions. #investing #risk #KongresZero #KanalZero @KanalZeroPL @MarcinIwućFBO @DNARynkow @mr_pankracy