The problem with conventional wisdom is that it represents the masses, but there's a whole host of things that conventional wisdom gets wrong. By default, that feeds into what investors get wrong. This episode with Ashby Daniels originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for your investing strategy and how you think about risk.

Listen now and learn:

• What investors get wrong

• A new way to think about risk

• How to define investment success

To see the original show notes, YouTube interview, and resources visit this page: EP 104: Challenging Conventional Wisdom with Ashby Daniels.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS

(3:32) Blaming the Market Instead of Yourself

(10:03) Defining Risk

(16:49) How to Define Investment Success

(21:33) No Need to Be Smart. Just Don't Be Stupid

(30:48) Investing Like an Optimist

(35:57) The Value of a Financial Advisor