5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP523: Financial Wisdom w/ Cullen Roche

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Pensions

The stock market, it's the exact opposite of cash in the sense that the stock market will give you great real returns in the long term. But the sacrifice or the trade off there is that you're going to have a lot of overnight instability in that portfolio. And so pensions end up inherently having to think across very specific time horizons. A lot of independent retail investors don't do that. They think of what's the best way to generate the highest returns without a lot of downside volatility.

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