Why Investors Need Less FOMO and More Patience
In Episode 58 of The Informed Investor podcast: Dimensional’s Mark Gochnour, Head of Global Client Services, sits down with Blaine Lourd, founder and CEO of LourdMurray, a Los Angeles firm with roughly $8 billion under management. They speak at length about where and how investors can go right and wrong on the road to their financial destination. Discipline is a prerequisite for this approach—and FOMO is your enemy, according to Lourd: “You don’t have to make predictions. You don’t have to do sector bets. You just have to really stay in your seat.”
KEY TAKEAWAYS
- The market is smarter than politicians.
- When investing, try to tune out the noise.
Also available on Spotify and Apple Podcasts.