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Bill Bernstein on Financial History, Star Managers & The 4 Pillars of Investing | #490

The Meb Faber Show - Better Investing

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Dr. Bernstein's Take on the Stock Market

For every Amazon, there were 10 Cisco's and probably 10 Cisco's, there were 100 pet.com's. Does Dr. Bernstein have a play account? Do you allow yourself to have some investments? Will trade around a little bit or are you too strict for that? No, for two reasons. Number one is I learned my lesson early on just like you did. And number two, I also am a co-principal and an RIA firm. And I just don't want to be dealing with trading individual stocks.

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