December 6, 2024
In the News
Patrick Boyle on Finance: How Much of a Good Thing is Too Much? with Victor Haghani
Victor Haghani started his career at Salomon Brothers and shortly after became a managing director in the bond arbitrage group run by John Meriwether. He was a founding partner of Long-Term Capital Management and established its London office. The failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets, and investing.
His new book – The Missing Billionaires: A Guide to Better Financial Decisions – is a personal finance book that examines why there are so few “old money” billionaires on the current rich lists. The book focuses on poor risk decisions, both in investing and spending. Many of the millionaires from 125 years ago didn’t choose bad investments – they simply sized them incorrectly, and allowed their spending decisions to amplify this mistake.
The Missing Billionaires offers a framework for making important lifetime financial decisions in a systematic and rational way. In today’s interview, Victor discusses how much risk an investor should take to safely grow their wealth or how much of a good thing is too much?
Video courtesy of Patrick Boyle Interviews.
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