On today's show, we learn about the biggest mistakes that legendary investors have made throughout their career. Our guest, Michael Batnick, recently wrote a book on this topic and provides insights from what he learned. Michael is often featured on CNBC and Bloomberg and he is the Director of Research at Ritholtz Wealth Management.

IN THIS EPISODE YOU’LL LEARN:

Why you shouldn’t talk about your investments.

Why Jesse Livermore is the most quoted and successful trader, but still went broke .

Why billionaire Chris Sacca said yes to Twitter, but no to Snapchat, Dropbox, and Airbnb.

Why it’s not what you don’t know, but what you do know for sure that gets you into trouble.

Ask The Investors: Do you think the increasing number of value investors is making value investing less attractive today?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.

Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Mistakes – Read reviews of the book.

Michael Batnick’s site, The Irrelevant Investor.

Michael Batnick’s podcast Animal Spirits.

Adam Smith’s book, The Money Game – Read reviews of the book.

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