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Bill Bernstein on Financial History, Star Managers & The 4 Pillars of Investing | #490

The Meb Faber Show - Better Investing

CHAPTER

The Psychology of Investing

Even the best diversified, most wisely designed portfolio going to have a dog in it. If you have 10 different asset classes, one or two of them are just going to be awful performers and you wish they weren't there. Nothing beats being able to see yourself through the worst of times than a nice pad of good, safe assets.

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