In your interview with jane parrish on the knowledge project about two years ago, you mentioned that the number one thing on your bucket list is in financial independence. Is that still the case? And if so, how through, what methods are you pursuing financial independence? I'm substantially closer than i was two years ago when shane and i had that discussion,. But i say closer and not there, because i think it is a constantly moving goal post.
#338: This month, we’re running four episodes based around the four pillars of F.I.R.E. — financial psychology, investing, real estate and entrepreneurship.
Today’s episode, which originally aired in April 2018, offers advice to investors who want to sharpen and hone their competitive edge.
Here are three lessons from this conversation with investment writer Morgan Housel:
Lesson #1: Great investors need patience and humility.
Lesson #2: Read broadly.
Don’t just read books about finance and investing. Read from a broad multi-disciplinary array of subjects, so that you can form a latticework of ideas.
Lesson #3: Play a strong defense.
On the surface, it seems like playing defense is a conservative strategy. Emergency funds and a strong income-producing allocation, for example, both sound conservative.
But in the long-term it could prove to be the opposite.
Enjoy this interview, which originally aired in April 2018.
For more information, visit the show notes at https://affordanything.com/episode338
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