Kosher Money
Wanna Invest Successfully? Keep These 5 Things In Mind (Feat. Naftali Horowitz)
Mar 15, 2023
Renowned financial expert and author, Naftali Horowitz, shares five critical things to know to be a successful investor. Topics include the complexity of predicting the future, the pitfalls of timing the market, avoiding psychological pitfalls, investing strategies and the importance of conviction, understanding the true worth of investments, financial advisor necessity and services, customized asset allocation for clients.
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Quick takeaways
- Keep investments simple and avoid complex strategies to minimize risk and maximize returns.
- Successful investing requires a strong psychological mindset and the ability to avoid biases and emotional decision-making.
Deep dives
The Importance of Keeping Investing Simple
The speaker emphasizes the importance of keeping investments simple and avoiding complex strategies. He shares examples of famous investors who lost significant amounts of money by overcomplicating their investments. He suggests that investors who have a better understanding of their investments are more likely to ignore short-term market fluctuations, hold onto their investments longer, and ultimately make more money. He advises against trying to get rich quickly and instead encourages a slow and steady approach to building wealth.
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