Why Even Smart Lawyers Suck at Investing (And How to Not Suck) (Ep.141)

Even the sharpest lawyers can fall into investing traps. On the latest episode of The Lawyer Millionaire Podcast, Darren Wurz uncovers the hidden psychological reasons why ambitious law firm owners often struggle to build real wealth and how you can avoid those costly mistakes.

Darren discusses:

• Why seeing patterns in the market can backfire (yes, even for financial experts)
• How confirmation bias and overconfidence show up in the financial decisions of smart, high-income professionals.
• The truth about beating the market.
• The myth of the super bowl indicator in investment.
• The psychology behind failed investments.

Resources:

• A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy by Burton G. Malkiel
• The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit B. Mandelbrot and Richard L. Hudson
• The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz

 

Connect with Darren Wurz:

• Schedule a Call with Darren
• “Join our Next Masterclass Live”
• The Lawyer Millionaire Website
• LinkedIn: Darren P. Wurz
• Join The Lawyer Millionaire Founders Network and Book Club for Free
• “Get the Strategies Top Law Firm Owners Use to Build Real Wealth (Join the Lawyer Millionaire Insider List)”

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