Speculating and Investing Are Not One and the Same
Author and Wall Street Journal columnist Jason Zweig talks trading trends and the future of the fiduciary standard.
On Morningstar's The Long View podcast, Jason Zweig examined the current trading terrain in the U.S. and discussed how to navigate current frenzies, speculative tendencies, and the recent distrust of expertise.
Talking about the need for a uniform fiduciary standard, Zweig discussed the benefits of creating a centralized, standardized licensing procedure for financial advisors. Zweig also offered his thoughts on the role temperament plays in investing success, stressing the significance of self-control, self-discipline, and lack of self-delusion.