Chapter
Tips for Investing
1:05:53 - 1:11:36 (05:42)
The key to investing is to avoid scams and speculation, and instead focus on solid, long-term investments. Additionally, it's important to be careful when investing in highly speculative startups, as they can be a risky addition to a portfolio or portfolio of illiquid assets.
Clips
The Simple Path to Wealth by Jim Collins and The Smartest Investment Book You'll Ever Read by Daniel Solon are two great books that explain the philosophy of investing in low cost index funds, modifying spending habits and avoiding financial scams to achieve financial independence.
1:05:53 - 1:08:23 (02:30)
Summary
The Simple Path to Wealth by Jim Collins and The Smartest Investment Book You'll Ever Read by Daniel Solon are two great books that explain the philosophy of investing in low cost index funds, modifying spending habits and avoiding financial scams to achieve financial independence.
ChapterTips for Investing
Episode#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
PodcastThe Tim Ferriss Show
The Little Book That Beats the Market is a highly recommended book for investors who want to get deeper into understanding the fundamentals of investing, such as how to evaluate a company's worth.
1:08:23 - 1:09:34 (01:11)
Summary
The Little Book That Beats the Market is a highly recommended book for investors who want to get deeper into understanding the fundamentals of investing, such as how to evaluate a company's worth. It provides a sober approach to investing rather than the unreliable technical chart investing that is still being used today.
ChapterTips for Investing
Episode#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
PodcastThe Tim Ferriss Show
The speaker discusses the emotional challenges of being an active investor in publicly traded equities and their tendency to make bad decisions in response to market fluctuations.
1:09:34 - 1:11:36 (02:01)
Summary
The speaker discusses the emotional challenges of being an active investor in publicly traded equities and their tendency to make bad decisions in response to market fluctuations. Additionally, he contrasts his own investment style with that of an individual referred to as a "savant in emotional detachment" who remains unaffected by market changes.