Excess Returns
The One Lesson: 50 Great Investors Share the One Thing They Would Teach You
Apr 21, 2025
01:11:52
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Quick takeaways
- Investing should focus on preserving and growing wealth over time, rather than seeking rapid wealth accumulation or quick profits.
- Base rates play a crucial role in guiding investment decisions, helping investors evaluate historical outcomes to ground their expectations.
Deep dives
The True Purpose of Investing
Investing primarily focuses on preserving and growing wealth, rather than pursuing rapid wealth accumulation or getting rich quick. Many individuals mistakenly believe that entering or exiting the market is a sound strategy, but this is more akin to gambling. It's essential for investors to remind themselves that the goal of investing is to maintain and build on their accumulated wealth through consistent income, as opposed to being swayed by fleeting market trends or the financial success of others. Embracing a long-term mindset, where wealth is viewed as an ongoing journey rather than an immediate windfall, leads to better financial outcomes.
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