Optimal Finance Daily - Financial Independence and Money Advice 3052: [Part 2] Stocks - Part XIX: How to Think about Money by JL Collins
Feb 24, 2025
This podcast dives into the mindset shifts needed for successful investing. It emphasizes adopting a long-term perspective over succumbing to the panic of market fluctuations. Listeners learn to treat investments as ownership of companies, rather than focusing merely on stock prices. The discussion highlights the virtues of patience and resilience, showcasing how sticking to a buy-and-hold strategy can lead to financial security. Real losses only occur when assets are sold, which reinforces the importance of a steady approach.
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