In this video, we explore a powerful insight from Chapter 6 of Morgan Housel’s The Psychology of Money: success doesn’t require getting everything right. Whether in investing, business, or personal finance, it's often just a few big wins that make all the difference.
We share the story of Heinz Berggruen, an art collector whose fortune came from a handful of exceptional acquisitions—despite many misses. It’s a perfect parallel to investing, where the majority of returns often come from just a few standout companies.
The key takeaway? Failure is not only normal—it’s expected. The goal isn’t perfection, but persistence. Staying diversified, being patient, and keeping calm when markets are volatile gives you the best chance to benefit from long-term success.