Strategic Loss Communication

Shaan Puri shares his perspective on communicating about financial losses with his wife, particularly regarding crypto investments. His approach reveals an interesting dynamic in how couples discuss money and risk.

Key Points:

• Communication Strategy with Partner:

  • Keeps discussions about large losses high-level and simple
  • Wife doesn't want or need detailed explanations about crypto losses
  • Example: "We lost several million in crypto over the last 3 months"

• Partner's Response Pattern:

  • Remains calm about large financial losses
  • More concerned about small expenses like late fees or parking tickets
  • Practical response: "Okay, so I shouldn't buy this bag?"

• Personal Risk Management:

  • Accepts losses as part of calculated risk-taking
  • Maintains perspective that risks were taken with "eyes wide open"
  • Doesn't invest more than 15% in any one project due to black swan risks

• Emotional Processing:

  • Acknowledges losses feel "shitty"
  • Describes large sudden losses as "jarring"
  • More accustomed to startup investments failing over longer periods
  • Maintains composure due to understanding initial risk factors

• Financial Communication Philosophy:

  • Believes in transparent but simplified communication
  • Focuses on practical implications rather than technical details
  • Maintains emotional stability by not overemphasizing losses

This perspective shows a pragmatic approach to discussing financial risks and losses in relationships, emphasizing the importance of knowing your partner's comfort level with financial details and adjusting communication accordingly.