In this episode, Mark talks about the difficulty in investing in ETFs. Over time, investors expect the stock market to go up, but there are periods of corrections and time when the market is flat. Investors can make money in businesses in two ways: growth in earnings or expansion in the multiple. You have a strategy that will allow you to stay on track. Index funds have to buy the stocks that are in the index. He also talks about the 4 criteria for sell discipline and how investors feel a false sense of security. It's about sticking to a process and investment objectives.
August 8, 2017