We break down Chris's insights on behavioral finance, the power of inversion in decision-making, the challenges of holding winning positions, and the pitfalls of blindly imitating successful strategies.
We discuss Chris's unique perspective on sector concentration and risk, his thoughts on the longevity of today's tech giants, and the importance of viewing stocks as businesses rather than just trading vehicles. We also explore Chris's experiences as a board member and what makes an effective corporate board.
00:00:00 - Introduction
00:01:51 - Lesson 1: The importance of behavioral finance
00:07:00 - Lesson 2: Munger's idea of inversion
00:13:59 - Lesson 3: The challenge of holding winning positions
00:21:50 - Lesson 4: The pitfalls of imitating successful strategies
00:29:09 - Lesson 5: Rethinking sector concentration and risk
00:37:56 - Lesson 6: The longevity of today's tech giants
00:47:20 - Lesson 7: Viewing stocks as businesses, not trading vehicles
00:52:58 - Lesson 8: What makes an effective corporate board
SEE LATEST EPISODES
https://excessreturnspod.com
FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS
https://sunpointeinvestments.com/
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW MATT
Twitter: https://twitter.com/cultishcreative
LinkedIn: https://www.linkedin.com/in/matt-zeigler-a58a0a60/
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
Related Videos
Practical Lessons from Michael Mauboussin
In this episode of Two Quants and a Financial Planner, we dive deep into the investing wisdom of Michael Mauboussin, one of the most respected thinkers in finance. We revisit our interview with Michae...
Quality and Low Volatility: The Factors That Get No Respect
In this episode of Two Quants and a Financial Planner, we dive deep into the world of quality and low volatility factors in investing. We explore how these factors work, their academic foundations, an...
Practical Lessons from Aswath Damodaran
In this episode, we dive into key lessons from our recent Excess Returns interview with valuation expert Aswath Damodaran. We unpack Damodaran's insights on: Why dogma in investing can be dangerous Th...