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Podcast: My Worst Investment Ever Podcast
Episode: Carolyn McClanahan – You’ll Never Be Smart Enough to Beat the Market
Description: BIO: Dr. Carolyn McClanahan is a physician turned financial planner. In addition to working in her financial planning practice, she speaks regularly on the interplay between health and financial issues, particularly regarding aging, chronic illness, end-of-life, long-term care, health care reform, and health care costs.STORY: Carolyn lost a good chunk of her portfolio while doing active management.LEARNING: There’s nobody out there who can be consistently smart to beat the market. Know your money goals. Be careful of overconfidence bias. “We (doctors) think just because we’re smart at medicine, that we...