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04 August 2023 Global | US

Ep. 175: Bill Bernstein on the Four Essentials to Investing Successfully

Bilal Hafeez

Bill Bernstein is a neurologist turned investment advisor. He is also the author of several books, including The Intelligent Asset Allocator, The Four Pillars of Investing, If You Can: How Millennials Can Get Rich Slowly, and The Delusion of Crowds. Bill has just come out with a new edition of The Four Pillars of Investing. In this podcast we discuss:

How finance is half maths and half Shakespeare
Four pillars of investing
No return without risk
How to truly measure risk
Know your history
The four ingredients of bubbles
The pressure from others/social psychology
Avoid consensus
Understanding the business of investing
How to set up your portfolio at different ages
Warren Buffet, Jim Simons and Ray Dalio
Books recommended: Expert Political Judgement (Tetlock), The Secret of Our Success (Henrich), The Weirdest People in the World (Henrich), The Rise And Decline of Nations (Olson), Demosclerosis (Rauch)

You can find Bill’s latest book here.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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