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Bill Bernstein on Financial History, Star Managers & The 4 Pillars of Investing | #490

The Meb Faber Show - Better Investing

CHAPTER

The 2% of Market Events That Destroy Portfolios

If we had to stress out that sort of 2% of market events, it's not just necessarily the bad times, right? The March 2009 or December 2008, but also the 1% of time where you're getting seduced into the insanity. Probably the best single investment I ever made was the $8 I paid for my copy of a used volume of Macai's famous book "Meme Wars"

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