Money For the Rest of Us

Ten Things I've Learned About Investing in the Past Decade

Oct 23, 2024

Discover the transformative lessons learned over a decade of investing. Emphasizing the power of patience and long-term strategies, the discussion highlights the shift from busy trading to focused, meaningful investments. Learn the importance of diversifying into new asset classes and personalizing your approach based on your temperament. Documenting your journey and ignoring market noise emerge as key themes, urging investors to take their time and embrace the uniqueness of their investment path.

30:24

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Quick takeaways

Maintaining detailed documentation of investment decisions enhances accountability and fosters continuous learning from both successes and mistakes.

A patient mindset, especially during market volatility, is essential for aligning investment strategies with long-term performance drivers and opportunities.

Deep dives

Document Your Investment Journey

Maintaining a detailed record of investment decisions is crucial for accountability and self-reflection. Over the past decade, consistent documentation of trades has provided insights into the rationale behind each decision, enhancing understanding of personal investment strategies. By writing down the investment thesis behind each trade, potential impulsivity is reduced, encouraging more thoughtful decision-making processes. This practice not only aids in reinforcing successful strategies but also identifies past mistakes, fostering continuous learning and improvement.