AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
We Study Billionaires - The Investor’s Podcast Network
Seek Independent Business Outcomes for Diversification
In managing an investment portfolio, diversification is crucial to guard against undue correlation of risk. It is not about avoiding short-term market losses but ensuring that business outcomes are not highly correlated. Investors should aim for investments to be as independent of each other as possible, focusing on the long-term success factors of each business rather than short-term stock performance. Sizing investments based on their downside risk, not upside potential, is a key strategy for a safety-first mentality.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode