Jun 7, 2021
In this episode, Steve talks with Larry Swedroe, Chief Research Officer at Buckingham Strategic Wealth.
Larry’s father was a stock market junkie who purchased stocks for Larry the day he was born. When kids his age were reading comics, Larry was reading the financial section of the New York Times. Larry’s ferocious interest in investing persisted throughout college and into his early career. After earning his MBA and, ultimately, a Ph.D. in economics and international trade theory, Larry landed a job at Citi Corp before transitioning into their homeowner’s division. At the time, mortgages were the hot new financial ticket.
A million-dollar mistake taught Larry the importance of broad diversification. As he developed within the financial services industry, he learned that keeping an open mind and holding your opinions loosely was the best way to work and live.
Larry talks with Steve about his incredible journey in the industry, the power of positivity, why ego is overrated, and what ultimately led Larry to partner with Buckingham in the 1990s and commit to helping advisors full-time.
“Your ideas should not be tied up with your sense of self-worth as a person. When you learn something new, be open to it, and here’s what you should tell yourself: ‘I’m glad I learned I was wrong, I’m now smarter.’” ~ Larry Swedroe