
Ep. 35 Morgan Housel | Going Deeper on the Psychology of Money
Prime Talks
Warren Buffett's Counter-Emotionality
Warren Buffett's mentor Benjamin Graham says 100% of his career success is owed to one stock, Geico. George Soros famously made several billion dollars when he shorted The Pound in the early 1990s. Tails Drive all big returns: whenever there is outside success, you're going to see a tail driven distribution playing a huge role. It's not realistic that anyone is going to make investments and have them work out well unless you're talking about treasury bonds or equity.
Morgan Housel talks about how affluent families should think about what’s enough and the concept of “wealth is what you don’t see.” Recorded on February 22, 2023.
This episode is a recording from our Lunches with Legends™ virtual investor series. To view the upcoming schedule, visit www.luncheswithlegends.com
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