MI171: The Psychology of Money Book Review (Mini-Episode)
The Intrinsic Value Podcast - The Investor’s Podcast Network
00:00
The Difference Between Luck and Luck in Investing
Benjamin graham is known as one of the greatest investors of all time. However, most of his investing success was due to having a very large stake in gico's stock which even broke his own rule of diversification. Hause: It's difficult for us to determine the difference between luck and skill in investing. He explains that good investing isn't about achieving high returns but rather compound interests. A lot of people put too much emphasis on how they can achieve an extraordinary place with their money.
Transcript
Play full episode
