FYI: Jonathan Clements wrote my favorite personal finance book of 2016 — How to Think About Money. People have an odd relationship with money because we spend most of our time stressed out about it. This book does a great job of trying to get people into the right frame of mind about their financial decisions and using money to make them happier, not miserable.
While discussing the need to embrace humility when investing, Clements brought up a fascinating story about an interview he did with the late-great Peter Bernstein in the mid-1990s. With a little help from the author himself I tracked down that original interview. Here’s the part that jumped out at me (taken from the original piece in the WSJ):
Regards,
Ted
http://awealthofcommonsense.com/2016/12/how-the-1973-74-bear-market-changed-how-people-judged-investment-performance/
