Stocks Are Not Bonds (EP.31)

<blockquote style= "font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;"> <div> <div class="" dir="ltr"> <div class="">The risks involved in concentrated stock positions, why factor investing is so hard, the limitations of historical market data, the myth of the marshmallow test, the downfall of ESPN, Michael's book of the summer and much more.</div> <div class=""> </div> <div class=""> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 16.0px Times; color: #000000; -webkit-text-stroke: #000000;"> <span style="font-kerning: none;">Find complete shownotes on our blogs...</span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 16.0px Times; color: #0000ee; -webkit-text-stroke: #0000ee;"> <span style="font-kerning: none; color: #000000;">Ben Carlson’s <a href="http://awealthofcommonsense.com/podcast/"><span style= "font-kerning: none; color: #0000ee;"><u>A Wealth of Common Sense</u></span></a></span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 16.0px Times; color: #0000ee; -webkit-text-stroke: #0000ee;"> <span style="font-kerning: none; color: #000000;">Michael Batnick’s <a href="http://theirrelevantinvestor.com/podcast/"><span style= "font-kerning: none; color: #0000ee;"><u>The Irrelevant Investor</u></span></a></span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 16.0px Times; color: #000000; -webkit-text-stroke: #0000ee;"> <span style="font-kerning: none;">Like us on <a href= "https://www.facebook.com/Animal-Spirits-1950067038578349/"><span style="font-kerning: none; color: #0000ee; -webkit-text-stroke: 0px #0000ee;"> <u>Facebook</u></span></a></span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px;