[REPLAY] Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
Capital Allocators – Inside the Institutional Investment Industry
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The Power of Outliers in Investing
This chapter analyzes how a small number of successful investments are responsible for most of the returns in the market, illustrated through examples from major indices and renowned investors. It underscores the importance of diversification and advocates for index fund investing to capture potential high-return companies amidst uncertain market dynamics.
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Transcript
