I've been investing for 18+ years
I've made TONS of mistakes along the way
Here are 10 critical investing lessons I wish I could teach my younger self:
I've made TONS of mistakes along the way
Here are 10 critical investing lessons I wish I could teach my younger self:
1/ Stock prices & business profits are not at all linked in the short-term, but they are 100% linked in the long-term
Watch the business, not the stock
Watch the business, not the stock
2/ It's a FAR bigger mistake to sell a mega-winner early than it is to hold a mega-loser too long
3/ Compounding pays off the most in the out-years
Optimize for longevity first, everything else second
Optimize for longevity first, everything else second
4/ In the beginning, focus the vast majority of your effort on boosting your income & savings rate
5/ Analysis paralysis is real
Once you know enough, decide
Once you know enough, decide
6/The P/E ratio is only useful when a company is fully optimized for profits (stage 4)
It's most deceiving in stages 3 & 5
It's most deceiving in stages 3 & 5
7/ If you rarely sell, your portfolio will concentrate itself
8/ Invest with CEOs that under-promise and over-deliver
Avoid CEOs that do the inverse
Avoid CEOs that do the inverse
9/ Stop-loss orders should really be called Stop-Compounding Orders
10/ "Do nothing" is almost always the right move
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mindset.brianferoldi.com
I email one each Wednesday to 21,000+ people
All of them can be read in <5 seconds.
mindset.brianferoldi.com
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I teach investors how to analyze businesses on my YouTube channel.
Subscribe here:
youtube.com
Last one.
As much as I love investing, always remember that your real most valuable assets are:
As much as I love investing, always remember that your real most valuable assets are:
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