MI171: The Psychology of Money Book Review (Mini-Episode)
The Intrinsic Value Podcast - The Investor’s Podcast Network
00:00
Getting Wealthy Ver, Staying Wealthy
Housell tells the story of jessie livermore. Jesse was born in 18 77 and was the greatest stock market trader during his time period. He made an inflation adjusted three billion dollars on one of the days of that week, which is pretty mind blowing. Over 99 % of warren's wealth was accumulated after his fiftieth birthday. 96 % of his wealth came after he qualified for social security in his mid sixties. Had he retired at the age of 60 to relax and just quit investing, he'd only be worth about 12 million dollars.
Transcript
Play full episode
