Caleb and Riley discuss what Nick Murray calls “The key to your investments outperforming most others” and how fear and our reactions are often the #1 wealth killer. There is no doubt that you want to come out ahead and maximize your returns. But maybe you are wondering how can you get there. Investment success belongs to the fearlessly disciplined not the brilliant. This was said by William Bernstein, a financial theorist and neurologist, and writer of financial literature. Remaining a disciplined investor, despite all the panic around us, is incredibly important as we plan for and live through our retirement.
Learn more about:
- How to feel okay about fearful emotions about the market and not react in a way that kills growth
- Why ups and downs in the market are normal an expected and the distinction between volatility and loss
- They key to having an outlook that builds wealth through the remainder of your retirement
Memorable Quotes:
- “A genius is the man who can do the average thing when everyone else around him is losing his mind.”
- “Great golfers don’t necessarily hit the most number of great shots, as they hit the least number of terrible shots.”
- “The S&P 500 broader market return on average is around 13.69% but the average equity investor’s return, was half of that 5.50%.”
Resources:
- Ted Talk: Things Aren’t As Bad As You Think They Are | Dan Gardner | TEDxNashville
- Article: Morgan Housel on Greed and Fear, Frugality and Paranoia
Hosted by Caleb Miller and Riley Anderson of InvestorDNA
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