Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses cover image

Morgan Housel: The Psychology of Luck - Outside Insights

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

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The Pushback From People Who Read Your Book

I think my entire net worth, more or less, is a house that's checking account in Vanguard funds. That's literally like 98% of my net worth. I very explicitly say this is not a recommendation. Not to make the lawyers happy. It's just like, everybody's different. So this works for me. You got to figure out what works for you. And particularly if you were to look, zero effort into it, you can earn 8%. Or if you devote your entire life to picking stock, if you are very good and very good at it,. Now, a 1% per year outperform, it's over a lifetime as a lot of money isn't spent on

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