Motley Fool Money Mailbag, incl: What about Schrodinger’s Shares? December 7, 2025
14 snips
Dec 6, 2025 Dive into the world of probabilistic investing with discussions on Schrödinger’s Shares, where outcomes are treated as uncertain. Explore risks like corporate fraud and the average investor’s struggle against market returns. Unpack Bitcoin's volatile nature and why some see it as sound money, despite its tumultuous history. Discover the implications of US estate taxes for Australians investing in the USA. The hosts engage in lively debates about Bitcoin's adoption and the fairness of wealth distribution in the digital age.
AI Snips
Chapters
Books
Transcript
Episode notes
Investing Is A Probabilistic Game
- Investing is probabilistic, not deterministic, so even good processes win only a bit more than half the time.
- You must endure streaks of bad outcomes until probabilities surface in your favour.
Get Out Of Your Own Way
- Do avoid overtrading and high fees so you can capture the market's long-run returns.
- Do buy and hold to benefit from the market's historical upward drift and compound returns.
Lynch's Fund Beat Investors' Timing
- Peter Lynch averaged 29.2% running Magellan but the fund's average investor lost money due to poor timing.
- Investors chased winners and bought high then sold low, eroding returns.
