Why High IQs Don’t Equal High Returns (Lessons from Long-Term Capital Management)

In Episode #72 of the CMQ Investing podcast, you’ll find out why Warren Buffett says that you don’t need a high IQ to be a successful investor. I share the key lessons from an article about the 1990s hedge fund Long Term Capital Management, which was known for employing geniuses at its trading desks before its $3.6 billion bailout in 1998. If you enjoy the episode, please follow the podcast and share it with a friend.