Excess Returns The One Lesson: 50 Great Investors Share the One Thing They Would Teach You
52 snips
Apr 21, 2025 AI Snips
Chapters
Transcript
Episode notes
Preserve And Grow Wealth
- Focus on preserving and growing wealth rather than chasing quick riches or jackpots.
- Keep your main career as your income source to build wealth and avoid obsessing over markets.
Avoid Timing The Market
- Don't try to time the market with 'get in' or 'get out' calls, as it's a losing strategy.
- Base investment decisions on steady actions rather than attempts to predict the future.
Use Base Rates And Check Less
- Use base rates by considering past similar situations rather than relying only on your own predictions.
- Check your portfolio as little as possible to avoid emotional and impulsive decisions.