Luck versus skill in investing! How much does each matter to investment success? Our guest this week, Financial Thought Leader Michael Mauboussin has written a new book on the topic. Titled The Success Equation: Untangling Skill and Luck In Business, Sports and Investing, its conclusions might surprise you.
Michael Mauboussin: Investment Success Which Matters Most? Luck or Skill
CHECK OUT THE IMPACT COSTS ARE HAVING ON YOUR PORTFOLIO
Use Vanguard’s “The Truth About Costs” tool on their website – you can see the returns lost and the returns kept over different periods of time depending upon the expense ratio paid and the average annual return you are expecting. Watch this Episode
JOHN BOGLE: READ THIS!
Read This:
John Bogle
Investment Legend, John Bogle Shares the Investment Lessons of a Lifetime. An interview with one of the investment greats! John C. Bogle, Vanguard founder, index fund creator, and tireless advocate for the little guy discusses how investors can succeed despite Wall Street’s problems. WEALTHTRACK Episode #921; Originally Broadcast on November 16, 2012 Listen to the […]
Tom Gallagher: Post Election Special
Post-election, a television exclusive with Wall Street’s long time number one ranked Washington analyst. The Scowcroft Group’s Tom Gallagher discusses what the election means for the economy and markets and how it affects your job, taxes and portfolio.
REASONS TO BUY OR SELL STOCKS
Personal financial objectives Tolerance for risk Investment time horizon Level of stock prices Watch this episode here.