Consuelo Mack of Wealth Track sat down with Michael Mauboussin Chief Investment Strategist of Legg Mason Capital Management. Mauboussin explains why he believes it’s becoming increasingly difficult to beat the market and why doing less in the more will result in more. Mauboussin also discusses the primary mistakes that investors make and why psychology plays such an important role in our market behavior. Mauboussin is one of the premier behavioral finance experts in the world. As discussed in my recent must read list, his work is always a must. This interview is no exception:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.