Masters in Business

An Interview With Jason Zweig: Masters in Business (Audio)

Sep 11, 2015
In this insightful discussion, Jason Zweig, a Wall Street Journal columnist and expert on behavioral finance, shares his journey into financial journalism. He recounts his first stock-buying experience at age 16 and the early lessons he learned. Zweig examines the impact of social media on financial reporting, highlighting its risks and benefits. He also delves into his latest book, *The Devil's Financial Dictionary*, offering humorous definitions that provide critical insights into personal finance and investing. His thoughts on the importance of skepticism and mentorship in journalism are especially enlightening.
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ANECDOTE

First Stock Purchase Story

  • At 16 Jason bought 100 shares of MAC AF using a technical tip from a book and initially profited.
  • His parents and broker intervened, leading him to sell early while the stock later did well.
ADVICE

Simple Portfolio Rules

  • Diversify, buy-and-hold, minimize costs and taxes, and rebalance regularly.
  • Keep your hands in your pockets and avoid trading on noise.
INSIGHT

Regression To The Mean Matters

  • Markets regress to the mean so countercyclical advice helps long-term investors.
  • When assets surge, be cautious; when assets fall, consider increasing exposure.
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