ISMS 23: Larry Swedroe – Investment Mistake No.5 and 6

<p>In this episode of Investment Strategy Made Simple (ISMS), Andrew and Larry discuss chapters of Larry’s book <em>Investment Mistakes Even Smart Investors Make and How to Avoid Them</em>. In this fourth episode, they talk about mistake number five: do you let your ego dominate the decision-making process? And mistake number six: do you allow yourself to be influenced by herd mentality?</p><p><strong>LEARNING: </strong>Don’t let your ego influence your decision-making. Stay disciplined and avoid becoming irrationally exuberant.</p><p><strong>&nbsp;</strong></p><blockquote class="ql-align-center"><strong>“The market is a predator preying on the mistakes of investors, their egos, and their herd behavior.”</strong></blockquote><blockquote class="ql-align-center">Larry Swedroe</blockquote><p>&nbsp;</p><p>In today’s episode, Andrew continues his discussion with Larry Swedroe, head of financial and economic research at <a href="https://buckinghamwealthpartners.com/" rel="noopener noreferrer" target="_blank">Buckingham Wealth Partners</a>. You can learn more about Larry’s Worst Investment Ever story on <a href="https://myworstinvestmentever.com/ep645-larry-swedroe-beware-of-idiosyncratic-risks/" rel="noopener noreferrer" target="_blank">Ep645: Beware of Idiosyncratic Risks</a>.</p><p>Larry deeply understands the world of academic research and investing, especially risk. Today Andrew and Larry discuss a chapter of Larry’s book <a href="https://amzn.to/3J5ZHz4" rel="noopener noreferrer" target="_blank"><em>Investment Mistakes Even Smart Investors Make and How to Avoid Them</em></a>. In this fourth series, they talk about mistake number five: do you let your ego dominate the decision-making process? And mistake number six: do you allow yourself to be influenced by herd mentality?</p><p>Missed out on previous mistakes? Check them out:</p><ul><li><a href="https://myworstinvestmentever.com/isms-8-larry-swedroe-investment-mistake-no-1-are-you-overconfident-in-your-skills/" rel="noopener noreferrer" target="_blank">ISMS 8: Inv