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Episode 3158:

James Altucher draws a powerful parallel between winning at chess and successful investing: both hinge on consistently building tiny advantages. From choosing debt-free companies with strong cash reserves to aligning with demographic trends, he reveals how small, smart moves compound into big wins, without relying on flashy predictions or risky gambles.

Read along with the original article(s) here: https://jamesaltucher.com/blog/what-makes-some-stocks-safer/

Quotes to ponder:

"Basically, accumulate tiny advantages throughout the game."

"If a company has a lot of cash in the bank and no debt, then it’s not going to file bankruptcy anytime soon."

"The goal is to find that very unique combination of stocks that could go up quite a bit that also have a good margin of safety around them."

Episode references:

S&P Dow Jones SPIVA U.S. Scorecard 2020: https://www.spglobal.com/spdji/en/research-insights/spiva/

The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

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MHAP 168- Anime 109 and Chapter 324