The Meb Faber Show - Better Investing

What the Wealthiest Do Differently—And What They Get Wrong (w/ Nick Maggiulli) | 608


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Today’s guest is Nick Maggiulli. Nick is the COO for Ritholtz Wealth Management. He writes over at Of Dollars at Data and is the author of two books: Just Keep Buying and The Wealth Ladder.

In today’s episode, Nick discusses the parallels between financial

and medical advice, the differences in asset ownership across wealth levels,
and the importance of adapting financial strategies over time. He also explores wealth mobility, the role of luck in wealth accumulation, and the challenges of diversification versus concentration in investment strategies.

(0:00) Starts

(1:38) Nick explains the wealth ladder

(6:48) Asset composition across wealth levels

(13:48) Human capital and wealth data analysis

(19:33) Diversification vs. concentration

(22:44) Behavioral finance and investment strategies

(25:56) Real estate ownership and investment timing strategies

(36:26) Fun investing stats

(44:51) Nick's most memorable investment

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Sponsor: Alpha Architect - Learn more about Alpha Architect and important information about the fund: funds.alphaarchitect.com/caos  

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. 

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Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here

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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Learn more about your ad choices. Visit megaphone.fm/adchoices

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