The Acquirers Podcast Excess Returns with Justin Carbonneau, Jack Forehand and Matt Zeigler | S07 E35
12 snips
Oct 9, 2025 Join Justin Carbonneau, a savvy investment professional, Jack Forehand, a value investing expert, and Matt Zeigler, a financial planner, as they dive into crucial investment insights. They discuss the importance of adaptable strategies over rigid theories, emphasizing that maintaining a commitment to a good approach often trumps perfection. They explore treating investments like owning a business, the impact of temperament on success, and the transformative role of AI in research. Plus, they stress prioritizing life goals over mere portfolio obsession.
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Choose A Strategy You Can Stick With
- Pick an investment strategy you can stick with through volatility.
- A good strategy you can follow beats a great one you abandon in panic.
Make The Outside View Your Check
- Use base rates to compare your case to historical precedents before relying on an inside view.
- Outside-view base rates often expose unrealistic long-term growth expectations.
Adjust Base Rates For New Reference Classes
- Some modern tech giants defied earlier base rates because their reference class was different.
- Adjust reference classes to account for network effects and scale when applying base rates.
