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Ep 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan

The Tim Ferriss Show

00:00

I've Found Investing Fascinating for So Long

i remember the very first stock i ever bought. It ended up doing well, but i didn't have the emotional control to hold it. Sos, i sold way too early. And what's funny about it is i then went and tried to develop very sophisticated approaches while going to underground at princeton and beyond. There are some sophisticated models, of course, but there's such a survivorship bias in finance,. where you have a hundred people, perhaps, who roll the dice. In 20 years, like 80 % of the stocks that ae now earn in this index will not be in it.

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