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

The Meb Faber Show - Better Investing

CHAPTER

The Biggest Non-Diversity Mistake People Make

When people don't have a broker, the biggest mistake I see them happening is in people of my age range who need a set amount of money to retire on and they have 80 or 90% in stocks. That to me is a mistake waiting to happen. Do you still hear those sort of comments? No, you hit the mail on the head. It's not my audience. I've selected my audience so I don't have to deal with that kind of nonsense hardly, hardly at all.

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