
Episode 3 - Peso Devaluation: Mexico 1994
Dave and Carl discuss the Peso Devaluation in Mexico (1994). Dave recounts this event as one of his most important lessons in the investing world (learned the hard way). They talk about the importance of currency in international investing and keeping your mind at peace.
1:00 Background
1:50 Cultural Events
2:50 Socio-Political Backdrop
5:45 Peso Devaluation
8:45 Currency and International Investing
12:20 Response to Market Sell-Off
15:00 Learning from Mistakes
18:45 Unforcastable Events and Freeing Your Thoughts
21:25 Importance of Currency in International Investing
23:45 Humbling Experience (Have to Do it Yourself)