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Episode 2531:
J. Money of BudgetsAreSexy.com humorously dissects the common pitfalls investors face, candidly reflecting on his own experiences with the "Seven Deadly Sins of Investing." He highlights the importance of simple, informed investing strategies over complex, fee-heavy approaches and emphasizes learning from mistakes to achieve financial success.
Read along with the original article(s) here: https://www.budgetsaresexy.com/7-deadly-sins-investing/
Quotes to ponder:
"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."
"Rule number one: Never lose money. Rule number two: Don’t forget rule number one."
Episode references:
The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
Risk Parity Radio: https://www.riskparityradio.com/
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Optimal Finance Daily - Financial Independence and Money Advice