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Money Genes
At 3:55 · chapter starts 0:00
A Swedish researcher studied thousands of twins to discover how much of our financial habits are genetic. The answer is a staggering 45%, affecting everything from how often you trade to your refusal to sell losing stocks.
The landmark study analyzed identical and fraternal twins from Sweden's comprehensive database alongside wealth tax records to evaluate genetic financial behaviors.
After undergoing a deep personality test, Pabrai transitioned from a burnout-inducing corporate management role to single-player investing where his performance skyrocketed.
Mohnish Pabrai was burned out running an IT business until a personality test revealed he was genetically optimized for solo, competitive, numbers-based games. Once he embraced this, he found massive success in both blackjack and value investing.
