Now, it sounds like a lot of the solutions we're really looking for are, you know, incredibly

counterintuitive to us as humans.

And I'm just curious in all of the stuff you've looked at, is there anything that kind

of springs to mind as being kind of the most counterintuitive finding when it comes to

sort of finance and investing

that you zoomed in on? So, you know, the one off the top of my head, the one that comes to mind

is just that action is the enemy of success. You know, Meyer Statman looked at 19 different

countries and he found that there was a monotonic, so a stepwise

correlation between activity and an investment performance.

So those who did the worst were those who ironically kept the closest eye on the markets.

So it's a weird thing to say that, you know, no offense to listeners of this podcast

or my podcast, but it's like by virtue of caring this much about it, right? By virtue of

listening to podcasts like this or like mine or reading books like mine, you might actually

weirdly be on a bad path. So there's, you know, there's this apocryphal

story of fidelity doing this survey of who did the best. And it was the people who had forgotten

they had accounts or people who had died. And, you know, I don't even know if that's true. But,

but the research is, is unequivocal that the more you do, the worse your results are.

And again, this is that Wall Street Bizarro world concept, because if you want to get more intelligent, you should read more books.

If you want to get more fit, you should lift more weights.

If you want to make more money, you should do nothing, you know,

or next to nothing. And it's a very weird thing to try and get your head around.

Yeah, no, that is, that's a, that's a great example, actually. I was thinking about from my own

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