Smarter investors, worse returns? (The Millionaire in You #3)

About this episode

Have you ever believed: "If I just find the right investment guru, I can't lose." "If I learn financial statements and technical analysis, I can beat the market."

The truth is, even geniuses, experts and Nobel laureates can't.

In this episode, I take you into The Millionaire in You and break down the core idea behind LeBoeuf's Law: invest actively in your life, and passively in your money.

You'll hear: • Why a Mensa investment club, with members in the top 2% for IQ, lost to the S&P 500 • Long-Term Capital Management: how a dream team led by Nobel laureates collapsed • How Buffett won a ten-year bet with a single index fund against five hedge funds • Why "simple and boring" is actually the best way to invest • If it feels too boring, how to design a portfolio with a bit of excitement

In the end, you'll see: investing isn't about being "smarter"; it's about being more patient. Rather than chasing hot trends, hold index ETFs for the long run and build wealth steadily. Index funds are one of the most boring — and most effective — strategies on your road to financial freedom.

The episode is in Mandarin Chinese. These notes are translated from my original show notes.