Go to bed smarter than when you woke up.
That’s the Buffett formula.
The world’s greatest investor once gave students the following advice:
“Read 500 pages a day. That’s how knowledge works. It builds up, like compound interest.”
Nice thought, isn’t it?
Here’s my list of finance books to help put this into action.
This morning I flicked through Sky News on my iPhone…
While waiting in line at Starbucks.
In 10 minutes, I interacted with 3 companies on the stock market.
There’ll be hundreds more throughout the day…
Why am I telling you this?
The Internet has made all of our lives easier.
In some ways, it’s made it harder.
With the vast expanse of information readily available…
It can feel impossible to decipher what’s right and wrong.
But investing is simple.
You just need to know these unchanging truths.
Questioning is critical.
The right ones can change your life.
And improve your odds of long-term investment success.
Here are just a few insider secrets.
Every year, global events shape our countries…
But happily ignoring these events,
(in term of our investments, at least),
Is the best course of action.
After all, it’s what the market does…
"Market data doesn't lie. So we've made a crucial decision. We're not going to try and win a few hands - we're going to own the casino" - Matt Hall
I love this quote by Matt Hall in his book, Odds On.
He’s comparing ‘traditional’, speculative investing with a ‘systematic’ or evidence-based approach.
Like a roulette wheel, global equity returns are random.
Winning big may occasionally happen.
But this is down to dumb luck.
Here’s the proof.
I watched a powerful video over the weekend.
Watched by almost 8 million others - it’s just 2.44 mins long…
It sums up how important your time is.
And how the decisions you make…
(big and small)
Have a huge impact.
I recently overhead a client ask:
“Am I going to be okay?”
Like many of our clients, he was a ‘HENRY.’
High Earning Not Yet ‘Rich’.
OR at least not rich enough to have no money cares in the world.
He worries about having enough to see him through retirement and set his children up for their futures.
I wasn’t surprised to hear this…