Personal Finance - What's the Most Important Thing About Any Finance Book That You've Ever Read?

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A lot of amateur investors use a bad thought process. Personal finance is not some kind of immutable thing like Newtonian physics. It's a rapidly evolving field that changes greatly over a decade or two. You should open it up to the very first few pages where they show about the publication and recognize that things may have changed since then.

In this episode we answer questions from MyContactInfo, Wesley and Adam. In a tour de force presentation, we discuss Michael Mauboussin's book, "The Success Equation: Untangling Skill and Luck in Business, Sports and Investing", the implications of an all small-cap value portfolio and applying the ideas of Bruce Lee and Emerson to Jack Bogle's "Common Sense Investing". And we also take a frolic and detour into the Twilight Zone.

Links:

CFA Institute Book Review the The Success Equation: The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing (a review) (cfainstitute.org)

Twilight Zone Episode Clips: Twilight Zone: Of Late I Think Of Cliffordville - YouTube

Earn & Invest Podcast (#349) Interview of Paul Merriman: Are We Leaving Money on the Table? — Earn & Invest (earnandinvest.com)

Rational Reminder Podcast Interview of Vanguard's Former CIO: Episode 216: Gus Sauter: Vanguard's Former CIO on Indexing, Active Management, and Private Equity — Rational Reminder

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