Pimco's Strategic Mediocrity
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"Strategic mediocrity where in any given year they were never gonna be in the top half against their peers but in every decade they'd always be in the top decile because the peers that beat them in any given year get washed out"
03:56 - 04:17
Full video: 35:47MH
Morgan Housel
Partner at Collaborative Fund and former columnist for The Motley Fool and The Wall Street Journal. Author of bestsellers "The Psychology of Money" and "Same as Ever".
Two-time winner of the Best in Business Award and finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.