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#374: Morgan Housel on the Psychology of Money

The Pomp Podcast

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The Biggest Investing Mistake?

Every 10 years the world breaks whether it's COVID-19 or 2008 or September 11th. But over the course of 30 or 40 years there's going to be progress and that's why you're owning equity so those can compound over time. What has been your biggest investing mistake? I mean since I've been dollar cost averaging into index funds for a long time like almost by definition that's the reason that you do that is to avoid some of the bigger mistakes. The strategies that work over time evolve and it's hard to balance this idea of am I just falling for the latest trends or have trends that did work for a long period of time do those not work anymore and I need

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