MI357: The Sloth Investor w/ R P Stevens
The Intrinsic Value Podcast - The Investor’s Podcast Network
SLOTH Principles of Investing
This chapter delves into the five bedrock principles of investing highlighted by SLOTH - Simplicity, Low fees, Owner-world, Time, and Headstrong. It emphasizes the importance of owning a globally diversified low-fee index fund and avoiding high fees to achieve long-term success in the investment world.
In today’s episode, Patrick Donley (@JPatrickDonley) sits down with R P Stevens to discuss his new book, The Sloth Investor. You’ll learn about his investing journey and how he developed his SLOTH investing philosophy, what the 5 bedrock principles of SLOTH investing are, how he goes about constructing a globally diversified portfolio, how he thinks about his financial freedom number, what his biggest takeaways have been from his guests on his podcast, and so much more!
R P Stevens is the author of the forthcoming personal finance book 'The Sloth Investor'.
The publication date is Friday June 28th.
The book is an insightful beginner's guide to investing where R P Stevens teaches readers how a 'sloth-like' approach is the rational, evidence-based roadmap to investment success. The Sloth Investor's 5 Bedrock Principles of Investing provide an actionable pathway for anyone looking to grow their wealth.
Originally from the UK, R P Stevens currently lives in Hong Kong with his wife and two children.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:57 - What R P’s investing journey has been like and who his biggest influences have been
15:47 - How his investing philosophy has evolved over the years
16:39 - Why he decided to write The Sloth Investor
24:07 - What the 5 bedrock principles of SLOTH investing are
30:49 - How he goes about constructing a globally diversified portfolio
37:03 - Why optimism is so critical for investors
43:44 - How R P thinks about his financial freedom number
51:39 - What his biggest takeaways from his podcast guests have been
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- R P Stevens' book, The Sloth Investor.
- Andrew Hallam's book, The Millionaire Teacher.
- Morgan Housel's book, The Psychology of Money .
- William Green's book, Richer, Wiser, Happier.
- Ben Carlson's book, A Wealth of Common Sense.
- Lars Kroijer's book, Investing Demystified.
- Eric Balchunas's book, The Bogle Effect.
- Jonathon Haidt's book The Coddling of the American Mind.
- Bill Perkins' book, Die with Zero.
- J L Collins' book, Pathfinders.
- Check out the books mentioned in the podcast here.
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