The best advice you can give anyone about their investments is they've got to find something that works uniquely for them, and then let it work. The right match for you is probably something really similar to your portfolio, sort of a global equity index, or a mix of and international. I love that idea, sell until you sleep well at night. That's an old wall street adage. And i don't have to think about sectors or stock picking. I just focus abou my own behaviour. Says he would not compare his returns to the vast majority of professional investors.
In this episode of Infinite Loops we spoke with Morgan Housel, a Partner at the Collaborative Fund. Our conversation covered:
- The content of Morgan’s upcoming book
- Whether money is the ‘last taboo’
- Money as a hierarchal system
- What shapes the role of money in different societies
- Investor psychology and self-inflicted problems
If you’d like to pre-order Morgan’s book, you can find more information here: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681