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Money For the Rest of Us
Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity
Jun 12, 2024
Explore the power of positive skewness in investing, business, and creativity. Learn how high-impact successes drive overall outcomes and how to harness this strategy with a barbell approach. Discover when to mitigate risks and when to embrace them for optimal results.
28:11
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Quick takeaways
- Identifying high-impact successes crucial for wealth creation in investing.
- Leveraging positive skewness for success by managing risks and embracing unpredictability in business and creativity.
Deep dives
Stock Market Wealth Creation Study
A study by Hendrik Bessenbinder and colleagues examined 64,000 global stocks over a 30-year period, finding that the majority of stocks did not outperform US Treasury bills. Only a small percentage of firms were responsible for the vast majority of global net wealth creation, with five companies accounting for 10% of wealth creation. This study revealed the importance of identifying stocks that significantly outperform for successful investing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode