The premise of my book is that humans don't like uncertainty. Even if the expert isn't very good at predicting or they're wrong, we still got that hit of dopamine. And because we want to know and we're flailing around sometimes for explanations,. We'll continue to click on those expert opinions.
If you like to tinker with your investments, then it’s tough to beat the market over a long period of time.
John M. Jennings is the president of St. Louis Trust & Family Office, a Professor at Washington University’s Olin Business School, and the author of “The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown.” Deidre Woollard caught up with Jennings to discuss:
- Why the improbable happens all the time
- 1 key attribute that some of the best-performing stocks have in common - And the business advantage that “fast followers” have over pioneers
Companies mentioned: SCHW, TJX, APPL, HUM, SHW
Host: Deidre Woollard Guest: John M. Jennings Producer: Ricky Mulvey Engineers: Dan Boyd, Heather Horton
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