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MI171: The Psychology of Money Book Review (Mini-Episode)
Millennial Investing - The Investor’s Podcast Network
The Difference Between Luck and Luck in Investing
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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.
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