1:04:14I put 80% of my money in the S&P after a billionaire investor told me not to
From My First Million · Published Jun 4, 2026 · Watch on YouTube
TL;DR
A Swedish twin study found 45% of investing and savings behavior is genetic, but the hosts argue that self-knowledge and aligning your personality with the right "game" is far more important than financial strategy. They discuss Monish Pabri’s personality test, the idea that change requires pain not words, and how personal finance is more personal than finance.
Key insights
- 45% of savings and investing patterns are genetic, based on a Swedish twin database study (Heinrich, 2014) analyzing 30,000 twins across six biases.
- Monish Pabri’s 360-degree personality test revealed he is a “solo player competitive number based game” person, explaining why he succeeded as an investor but was miserable running a company.
- The only factor that made a meaningful difference in improving investing behavior (besides genetics) was working in finance – i.e., experiencing real loss, not reading books.
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