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Podcast: My Worst Investment Ever Podcast
Episode: William Bernstein – Never Invest Based on the Headlines
Description: BIO: William Bernstein is a neurologist, a co-founder of Efficient Frontier Advisors – an investment management firm, and has written several titles on finance and economic history.STORY: William lost money after investing in palladium futures under the belief that a couple of physicists had perfected the technique of cold fusion to get helium.LEARNING: Never invest based on the headlines. Something that everyone knows isn’t worth knowing. “Something that everyone knows has already been pounded into the market, so it isn’t worth knowing.”William Bernstein Guest profileWillia...