11 Lessons Every Investor Needs to Know with Ben Carlson

21 snips

Sep 4, 2024

Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management and author, shares invaluable investing insights. He discusses the power of cash versus equities and effective strategies like dollar-cost averaging. Ben emphasizes the importance of emotional intelligence in investing, revealing how psychology affects decisions. The conversation also highlights the distinction between wealth and richness, along with practical tips on tax loss harvesting and maintaining a diversified portfolio for long-term financial success.

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INSIGHT

Experience vs. Expertise

Experience in investing isn't enough to become an expert.
Develop a robust process and stick to it.

INSIGHT

Intelligence and Investing

High intelligence doesn't equal investment success.
Emotional control and temperament are more crucial.

ADVICE

Long-Term vs. Short-Term

Acknowledge that long-term investing involves many short-term periods.
Adapt your strategy to handle short-term market fluctuations.

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