Chapter
The Advantages of Index Fund Investing
53:10 - 56:56 (03:46)
Index fund investing has higher odds of success and compounding returns over a long period of time, unlike the 90% of people who try to beat the stock market and fail.
Clips
The speaker draws parallel between personal finance and fitness goals.
53:10 - 54:04 (00:53)
Personal Finance
Summary
The speaker draws parallel between personal finance and fitness goals. Just as one may have different goals for maintaining health, personal finance goals also depend on individual preferences and objectives.
ChapterThe Advantages of Index Fund Investing
Episode#222 - Morgan Housel - How To Become Wealthy, Stay Wealthy & Be Happy
PodcastModern Wisdom
Index fund investing nearly always lands in the top 10% of money managers due to the high probability of leaving it alone and letting it compound for long periods of time versus trying to beat the stock market, where 90% of people fail.
54:05 - 56:56 (02:51)
Index Fund Investing
Summary
Index fund investing nearly always lands in the top 10% of money managers due to the high probability of leaving it alone and letting it compound for long periods of time versus trying to beat the stock market, where 90% of people fail.