The incredibly bright and insightful Morgan Housel of the Collaborative Fund drops by the Compound to discuss some of the biggest mistakes and misconceptions that plague investors year after year - and what can be done about them.
Morgan talks with Michael Batnick and Barry Ritholtz about:
* how there is no such thing as an optimized portfolio
* why recent trends are more instructive about the near term future, but long term trends are the ally of most investors
* the fact that investing is one of the only endeavors in which the application of more effort doesn't equate to better results
* the hindsight bias that all of us fall victim to
* the reality behind some of the most famous investor track records
* the inconsistency you are required to put up with in the pursuit of long term outperformance
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