Ep. 20: Nick Maggiulli on Biggest Lies in Personal Finance, Feeling Rich, and the Role of Luck in Investing
The One Percent Show with Vishal Khandelwal
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Is There a Game of Luck in Investing?
Most people get into problem in investing because they deny the existence of luck. Mike Mabasing has written a wonderful book where he's proved, I think, using data. So what according to you can an investor do to mitigate bad luck on his or her investment performance? You have to have some sort of risk management. There's ways you can be flexible in spending and how you make personal finance decisions.
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