Why Smart People Tend to Be Lousy Investors w/ Spencer Jakab, Deputy Editor of The Wall Street Journal
Intelligent people make thoughtful, calculated decisions before buying or selling any investment. So, why don’t their portfolios see steadier, more consistent returns?
Spencer Jakab, a former Credit Suisse analyst and a Deputy Editor at The Wall Street Journal would chalk it up to psychological biases and the fear of missing out. He says intelligent people who follow conventional wisdom shoot themselves in the foot by panicking too much and overreacting to the markets.
It’s the subject of his brand-new book, “Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor”. In this week’s episode of Oxford Club Radio, Marc interviews Spencer about the book, and the crippling mistakes smart investors tend to repeat over and over…plus Jakab explains the proven ways to break the cycle.
His advice will probably shock you. Our fascinating conversation is one you won’t want to miss.
Click here to read the transcript.