

Link to interview: Ingenious: Robert Sapolsky

I don’t know anybody who left investing to become an engineer, but I know a lot of engineers who left engineering to become investors. I’ve learned that the ones who are the most smart aren’t going to make it. There’s always somebody around who looks smart.

You have to keep learning that you don’t know, because you find models that work, ways to make money, and then they blow sky-high. And I try to shut up at cocktail parties. You have to understand that being wrong is part of the process. I mean, I’ve become increasingly humble about it over time and comfortable with that. That I knew what the future held, I guess. Over the course of your career, what are the most important things you’d say you had to unlearn? A. Stratfor: Gaming Israel and Palestine ( LINK) Mark Hanson: Lack of Defaults/Foreclosures/Short Sales A Serious Housing & Spending Headwind ( LINK) Jim Grant: Buy Hated These Hated Stocks ( LINK) How Money and Banking Work On a Gold Standard ( LINK)Īndrew Smithers: The problem of the equity risk premium ( LINK) John Burbank on the Source of the Biggest Mispricings ( LINK)
