Terence Moll is a retired market strategist, having held senior positions at the University Superannuations Scheme in the US, Coutts, and more recently 7 Investment Management. Today he manages his own personal portfolio full time.
In this episode of the Poor Millionaires podcast, Terence Moll shares insights from his extensive career in asset management and his transition to becoming a full-time private investor. He discusses the importance of having a solid investment process, emotional regulation, and the unique advantages that private investors have over institutional investors. Terence also delves into risk management strategies, the significance of understanding market conditions, and the emotional challenges that come with investing. He emphasises the need for modesty and the importance of managing one's emotions in the face of market volatility.
Takeaways
The importance of having an investment process and following it.
Private investors have access to opportunities that institutional investors often overlook.
Emotional regulation is crucial for successful investing.
Private investors can take a long-term view without the pressure of short-term performance metrics.
Risk management is a personal responsibility for private investors.
Investing is as much about managing emotions as it is about making decisions.
Selling decisions are often not given enough attention compared to buying decisions.
Modesty in one's investment abilities can lead to better decision-making.
Market downturns can present unique opportunities for private investors.
Understanding the nature of money is vital when managing personal investments.
Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.
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Disclaimer
This podcast is for educational purposes only. The information does not constitute financial advice or recommendation and should not be considered as such. The value of investments and any income derived from them can fall as well as rise and you may not get back the original amount you invested.
