3min chapter

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#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth

Modern Wisdom

CHAPTER

Is It Like a Gambler That Can't Beat the Odds in the Casino Consistently Overnight?

You don't know if you're any good at stock picking. There's a lot more luck in stock picking. And like gena computer programming or basketball, or something where the skill is very identifiable. I think what it does you yu sort of identify with the investment rights. So if the market goes down, it's not your fault. It's ecause you made the choice. But if it goes up, you're a genius right? S that's probably the most compelling argument for investors to reobsess over their investments.

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