Assassins: cut losers at the sweet spot

What separates the world’s greatest investors from the rest? In this episode of the Investing for Beginners podcast, Andrew sits down with Lee Freeman-Shor, former fund manager and author of The Art of Execution and the hotly anticipated follow-up, Stock Market Maestros. Lee shares his fascinating experience managing over 100 top fund managers and reveals a shocking truth: even the best investors in the world only get their stock picks right about 49% of the time.

In This Episode, You’ll Learn:

• The 49% Reality Check

• The Losers (How to handle falling stocks)

• The Winners (How to handle rising stocks)

• Know Thyself

  
  

Timestamps

00:46 - Lee's background managing the "Best Ideas" fund. 

02:12 - The shocking truth: Even billionaire investors are only right 49% of the time. 

09:24 - The Five Tribes of Investing: How people behave when winning and losing. 

24:35 - Why Lee wrote Stock Market Maestros. 

32:32 - Do elite investors ever break their own rules? (The importance of self-awareness). 

35:00 - The quirky habits of top managers (Walking in the woods, Dirty Harry pop-ups). 

39:56 - Lee's final takeaway for beginner investors: Execution matters more than stock picking.

Resources Mentioned

Stock Market Maestros: The Winning Habits, Strategies, and Mindsets of the World's Best Investors by Lee Freeman-Shor and Clare Flynn Levy

https://a.co/d/0aOWaRd4

The Art of Execution: How the World's Best Investors Get It Wrong and Still Make Millions by Lee Freeman-Shor

https://a.co/d/0hoLjtPu

Have questions or want your story featured? Email the show at ⁠newsletter@einvestingforbeginners.com⁠ or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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