Ep. 35 Morgan Housel | Going Deeper on the Psychology of Money
Prime Talks
Do You Know What You Should Look for in a Money Manager?
This is not a recommendation for how people should invest because everybody's different and certainly a high, a very high network family is like a very complex issue. But I would say this, the amount of time that a manager needs to separate luck from skill is much longer than most people think to. You really need to look at how they did over multiple market cycles. And there are plenty of money managers who can say, Oh, my track record over the last three years is beats 95% of my peers. That's just not what I do at all.
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