Kosher Money

Financial Advisor to Millionaires Reveals Investing Strategies (with Naftali Horowitz)

Apr 3, 2022
Guest
Naftali Horowitz
Naftali (Mark) Horowitz, a financial advisor and behavioral finance educator who guides high-net-worth clients, returns to discuss investing psychology. He talks about indexing vs stock-picking, how personal observations lead to investments, managing emotions in crises, behavioral biases like representation and regret aversion, and balancing money with spiritual and relationship priorities.
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INSIGHT

Market Equals Real Businesses

  • The stock market is not a casino; it's ownership of real companies producing goods and services.
  • Investing means buying long-term claims on companies' future earnings, not gambling on random prices.
ADVICE

Indexing For Long-Term Simplicity

  • Use index funds to passively own the market and capture long-term winners without constant selection.
  • Indexing evolves your holdings automatically as successful companies grow and gain weight in the index.
ADVICE

When To Pick Stocks Yourself

  • Only pick individual stocks if you enjoy it or truly have domain knowledge and can size bets you can afford to lose.
  • Complement broad indexes with sector ETFs if you want concentrated exposure without single-stock risk.
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