October 27, 2024
1 books · 8 highlights · 0 notes
The Uncertainty Solution: How to Invest With Confidence in the Face of the Unknown
John M. Jennings
“WE SHOULD EMBRACE THE INHERENT UNCERTAINTY OF THE FUTURE AND LEARN TO SIT IN OUR DISCOMFORT.”
2:08 PM
“This drive to discover patterns and explain them is a major factor in overconfidence”
2:13 PM
“Our reluctance to acknowledge unpredictability keeps us looking for predictive cues well beyond”
2:17 PM
“because a primary strategy for battling uncertainty is collecting more information”
2:21 PM
“Giving the right advice—that they shouldn’t make emotional changes to portfolios when the stock market is topsy-turvy—is hard because advisors are conditioned to give clients what they want.”
2:29 PM
“Confidence is part of what clients are paying for.”
2:35 PM
“My favorite investment book is The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael Mauboussin.¹”
2:43 PM
“the level of skill increases, so does the role of chance in outcomes.”
3:24 PM