Motley Fool Money Ancient Philosophers, Modern Investing Wisdom
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Sep 10, 2022 Join Brian Stoffel, a Motley Fool contributor and expert in stoic philosophy, as he explores how ancient wisdom can shape modern investing. He dives into the fundamentals of stoicism and the dichotomy of control, emphasizing that true ownership of stocks goes beyond mere transactions. Discover Seneca's nuanced views on wealth and the importance of emotional resilience in investment decisions. Data-driven leadership at Apple and Costco showcases how stoic virtues can drive customer trust over profit, illuminating a new path for investors.
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True Stoicism
- Stoicism isn't about ignoring feelings, but controlling reactions to them.
- Accept joy, pain, and excitement, but choose actions independently.
Stoicism's Origin
- Zeno, stoicism's founder, was shipwrecked and lost everything.
- He used this experience to develop the philosophy of focusing on reactions.
Stoicism and Investing
- Brian Stoffel learned stoicism through football, where he had to let go of bad calls and focus on the next play.
- He connected it to investing through Nassim Nicholas Taleb, Mr. Money Mustache, and Ryan Holiday.