PODCAST EPISODE 164: DOES 20/20 HINDSIGHT HELP?: ILLUSIONS OF INVESTING, PART 2

EPISODE SUMMARY

In this episode of Your Business, Your Wealth, Paul and Cory continue their discussion on illusions of investing in the marketplace. Specifically, they focus on the illusion of investing based on the successful track record of asset management firms. Nobody can consistently and predictively outperform the market, not even the highest performing mutual funds. Paul proves this concept by analyzing numerous top performances of asset managers across multiple years and half decades. Finally, Paul speaks to the Dollar Coin experiment he and Cory performed at a recent conference.

WHAT WAS COVERED

  • 01:12 – Introducing today’s topic, Does 20/20 Hindsight Help?: Illusions of Investing, Part 2
  • 02:11 – Paul recaps the last episode of the podcast, how wealth managers cannot predict and outperform the market
  • 03:01 – Illusion Number Two: track record investing
  • 04:18 – Paul analyzes data from the top thirty equity stock-based mutual funds
  • 06:39 – Why people choose asset managers with better track records
  • 09:16 – Analyzing top asset manager performances from 2012 – 2017
  • 10:21 – Paul provides one final example of top asset manager performances
  • 12:50 – Paul interrupts the podcast to provide the audience with a special offer
  • 13:55 – The Dollar Coin Exercise
  • 17:47 – Emotions and rationalization
  • 20:52 – Why past performance cannot guarantee future results

TWEETABLES

LINKS

Sound Financial Group’s Website for a Financial Inquiry Call – Info@sfgwa.com (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Unconventional Success BookUnconventional Success: A Fundamental Approach to Personal Investment

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MUSIC CREDITS

“Legends Are Made” Copyright 2017. Music, arrangement and lyrics by Sam Tinnesz, Savage Youth Music Publishing SESAC and Matt Bronleewe, UNSECRET Songs SESAC

PRODUCTION CREDITS

Podcast production and marketing by FullCast

Recorded using Switcher Studio: sales@switcherstudio.com