#32 The “Do-Gooder”
Behind the Balance Sheet
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Navigating the Path of Investment Evolution
The chapter explores the speaker's journey from trader to barrister, revealing the benefits of legal training for investors and the caution necessary when relying solely on equities. It delves into the impact of debt on markets, the dynamics of inflation, and the historical power struggle between capital and labor. The conversation also discusses the evolution of investment approaches, the complexities of managing behavior in investment firms, and reflections on past mistakes and risks in the investment portfolio.
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