You recently wrote, sitting still feels reckless in a fast moving world. i immediately identifed with because there have certainly been times when the market is dropping where my gut instinct is, what am i o do? I really should do somethingo i think, youknow, one of the biggest innovations in the last 20 or 30 years, even jus the last ten years, is that it's so much easier and cheaper to buy and sell securities. It used to be not that long ago, indefinitely 20, 30 years ago, that to buy or sell stock might cost you,. A phone call to your broker, and it has cost you a hundred bucks each way, in and out.
“No one's success is proven until they've survived a calamity.”
You can’t join the NBA with a few good shots, but you can join the ranks of “great” investors. Luck and skill are much harder to separate in the financial world and making that distinction can take a few decades. Chris Hill talked with best-selling author Morgan Housel in front of a live audience about: - Why inflation is so personal and variable - Elon Musk’s best product (hint: it’s not a car) - The power of incentives - The secret to 99% of Warren Buffet’s success - Investing through bear markets
Companies mentioned: BRK.A, BRK.B, HOOD, TSLA
If you're a member of any Motley Fool service you can access the video for the full interview here: https://www.fool.com/premium/coverage/4056/coverage/2022/08/31/wealth-greed-and-happiness-with-best-selling-autho Host: Chris Hill Guest: Morgan Housel Producer: Ricky Mulvey Engineer: Dan Boyd
Learn more about your ad choices. Visit megaphone.fm/adchoices