Is There a Game of Luck in Investing?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

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.

Nick Maggiulli is the creator of Of Dollars And Data and the Chief Operating Officer at Ritholtz Wealth Management. Nick is also the author of a new book titled Just Keep Buying where he crunches numbers to answer the biggest questions in personal finance and investing, while providing the reader with proven ways to build wealth the right way. In this episode, we talk about the biggest lies told in personal finance, role of data in analysis, the idea of feeling rich, role of luck in investing, and much more. To know more about this initiative, check out:

https://www.vishalkhandelwal.com/

https://www.safalniveshak.com/

Check out my book - The Sketchbook of Wisdom - which Morgan Housel calls "a masterpiece."

Subscribe to The One Percent Show on - Spotify, Google Podcasts, Apple Podcasts, or Amazon Music.