Episode 972
On today’s episode, Clay Finck invites Stig Brodersen to discuss current market conditions and one of Stig’s favorite books — Poor Charlie’s Almanack.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:23 - How Stig and Clay think about today’s market.
08:02 - Why we expect the stock market to continue to hit new all-time highs.
08:02 - How Stig is protecting himself against potential inflation going forward.
39:49 - Why Stig re-reads Poor Charlie’s Almanack each year.
49:55 - The psychological biases we need to be mindful of.
01:02:14 - How the endowment effect can be detrimental to our portfolio’s returns.
01:11:45 - How we can apply Munger’s principle of inversion to our lives and our portfolios.
01:27:00 - How you can attend the live events TIP is hosting in Omaha during the Berkshire weekend.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Published on 1 year ago
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