Keith McCullough has an appreciation for subscriber questions that focus on process, rather than narrative.

“It’s human nature to need something to believe: ‘If I tell myself the way it shall work, it shall work that way,’” McCullough explains in this clip from The Macro Show. “I shall not do that.”

Even when it comes to Gold, a precious metal he’s been long on all year, McCullough never exceeds a predetermined percentage of his allocations.

“Do the work. If you just want to get up in the morning at 6:00am and get some hot stock tips, go to the Motley Tool. That’s not going to work,” McCullough adds. “This works. This is structure, this is discipline, this is repeatable, and this is good process.”

Watch the full clip above.
McCullough: Narrative-Based Investing Is For Fools - TMS Banner