The Meb Faber Show - Better Investing cover image

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

The Meb Faber Show - Better Investing

CHAPTER

The Fastest Way to the Poor House

Most people think that the goal of investing is to optimize your current returns, it's to maximize your chances of getting rich. For every Tesla, there are 100 companies that look like Tesla that are going to go to zero. So you're optimizing your chances of buying poor. And maybe one person out of 10 will do well, but the other nine people are going to be eating cat food in their retirement.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner