The Long View Nick Murray: ‘The Investor Is Hardwired to Be His Own Worst Enemy’
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Aug 12, 2025 
Nick Murray, a seasoned author and financial advisor known for 'Simple Wealth, Inevitable Wealth' and his newsletter 'Nick Murray Interactive', shares profound insights on investor behavior and financial planning. He discusses the historical lessons drawn from past market crises and the psychological hurdles investors often face. Murray emphasizes the necessity of disciplined strategies and cash reserves for retirees. He also highlights the importance of navigating market cycles with a long-term focus, reassuring clients to stay committed despite volatility.
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Early Career Revelation
- Nick began his career in 1967 at E.F. Hutton and found the broker model broken early on.
- That experience pushed him toward managed money and a planning approach that shaped his career.
Learning From The 1970s Crash
- Going through the 1973–74 crash taught Nick that crises end and are the richest learning experiences.
- He later wished he had bought more equities during those disaster years.
Start With A Specific Plan
- Make a written plan by identifying specific goals, dates, and dollar contributions.
- Build a long-term portfolio to fund that plan and tune out market noise.
