I'm a huge believer in the power of mission statements, both personally and professionally. When i'm researching a company for investment, it's one of the first things i try and look up. So many companies abuse and don't even understand what a mission statement is. My personal philosophy is extremely conservative with my personal finances. Extremely conservative, multiple sources of income, high savings rate, zero debt, six months plus emergency fund. That enables me to be essentially a hundred % equities with his investments,. because i know my personal finances are so rock solid. I'm immune to volatility. Volatility does not bother me in the least. Because my portfolio being down in no way threatens my
Brian Feroldi is the author of the book “Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't”. His mission statement is “To Spread Financial Wellness”, and he does exactly that in this episode of Infinite Loops! You can connect with Brian on Twitter at https://twitter.com/BrianFeroldi and get his book from Amazon at https://www.amazon.com/Why-Does-Stock-Market-Everything/dp/1735066168/ Show Notes:
- Brian’s first exposure to the stock market
- The power of mission statements
- Personal finances over investments
- Paying off your mortgage early
- Finding high-quality companies
- (Business) Momentum investing
- Brian’s Investment Checklist
- Importance of narratives in investments strategies
- 99% of great investing is doing nothing
- On being wrong, and learning from mistakes
- DCA’ing into index funds
- Capitalism is brutal
- Knowing Tom Engle
Books Mentioned:
- Why Does The Stock Market Go Up?; by Brian Feroldi
- The Tao Jones Averages; Bennett W. Goodspeed
- How To Retire Rich; by Jim O'Shaughnessy
- The Intelligent Investor; by Benjamin Graham
- The Psychology of Money; Morgan Housel
- Just Keep Buying; Nick Maggiulli