Victor Haghani on Bet Sizing, Flipping Coins and Missing Billionaires

In the 57th episode of the Market Misbehavior podcast, Dave speaks with Victor Haghani, Founder & Chief Investment Officer at Elm Wealth.  Victor shares his personal experiences as a founding partner of Long Term Capital Management, the importance of probabilistic thinking, results from his famous coin flipping experiment, why bet sizing is the things most investors get horribly wrong, and other insights from his book "The Missing Billionaires: A Guide to Better Financial Decisions."  Recorded 7/9/25.Check out Victor's book here: https://amzn.to/407EChmYou can learn more about Victor's work at https://elmwealth.com/, and learn about their Elm Market Navigator ETF here https://www.elmfunds.com/.🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist👉  Follow Dave on X: https://x.com/DKellerCMT👉  Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.bsky.social👉  Follow Dave on Facebook: https://www.facebook.com/marketmisbehavior👉  Follow Dave on Instagram: https://www.instagram.com/marketmisbehaviorThe content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.