A collection of 40+ insightful thoughts on investing, trading, wealth creation, power of Twitter and life advice by Wealth Theory ™ (@Wealth_Theory):
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Good positions are often built by buying stocks you’re comfortable with at uncomfortable times.
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Good positions are often built by buying stocks you’re comfortable with at uncomfortable times.
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Investing is really just having the ability to come up with good ideas, and the courage to see them through.
Investing is really just having the ability to come up with good ideas, and the courage to see them through.
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If you would be an investor, it’s best to kill your ego early.
If you would be an investor, it’s best to kill your ego early.
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The best investment moves start as unpopular opinions.
The best investment moves start as unpopular opinions.
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The best investors are part philosopher, part accountant, part problem solver, and entirely patient.
The best investors are part philosopher, part accountant, part problem solver, and entirely patient.
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If the market is stupid, why can’t you beat it?
If the market is stupid, why can’t you beat it?
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One thing I have learned as a younger investor is to listen to more experienced investors’ opinions on things that appear to be big events. They’ve been through the emotional ringer before and can definitely help young investors keep perspective.
One thing I have learned as a younger investor is to listen to more experienced investors’ opinions on things that appear to be big events. They’ve been through the emotional ringer before and can definitely help young investors keep perspective.
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When you learn to trade you aren’t entering the casino, you are building your own casino.
You are the house. You pick your spots. You have the edge.
When you learn to trade you aren’t entering the casino, you are building your own casino.
You are the house. You pick your spots. You have the edge.
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Every beginner who thinks they can daytrade will blow up their account.
I’ve seen zero exceptions, including myself.
Every beginner who thinks they can daytrade will blow up their account.
I’ve seen zero exceptions, including myself.
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“How do I start trading?”
Open an account and start. You can’t learn to swim without getting in the water. Just make sure you don’t go in too deep too fast!
“How do I start trading?”
Open an account and start. You can’t learn to swim without getting in the water. Just make sure you don’t go in too deep too fast!
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No trader is failing because his strategy lacks complexity.
Simplify, simplify, simplify.
No trader is failing because his strategy lacks complexity.
Simplify, simplify, simplify.
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It’s hard to be popular and make money as a trader. We make money by being ahead of the curve. Usually when everyone starts to agree with me, I have to start changing my mind.
It’s hard to be popular and make money as a trader. We make money by being ahead of the curve. Usually when everyone starts to agree with me, I have to start changing my mind.
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Retirement should not be the goal. Freedom should be the goal,
and that begins with eliminating the need to borrow to sustain your lifestyle.
Retirement should not be the goal. Freedom should be the goal,
and that begins with eliminating the need to borrow to sustain your lifestyle.
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The goal is to use your money to make money instead of using your time to make money.
Spending your time as you see fit will bring you more satisfaction than spending your money.
The goal is to use your money to make money instead of using your time to make money.
Spending your time as you see fit will bring you more satisfaction than spending your money.
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You don’t learn how the game works so you can describe it to people; you learn how it works so you can play it and win.
You don’t learn how the game works so you can describe it to people; you learn how it works so you can play it and win.
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The most critical wealth related skill is the ability to turn money into joy. Without that, there is no point.
The most critical wealth related skill is the ability to turn money into joy. Without that, there is no point.
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A rich man will worry about money he doesn’t need while he loses time he can’t get back.
A rich man will worry about money he doesn’t need while he loses time he can’t get back.
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The rich may be envious of the poor when they see them thoroughly enjoying simple pleasures.
Money is awesome, but joy and peace are still often found in simplicity, especially in nature.
The rich may be envious of the poor when they see them thoroughly enjoying simple pleasures.
Money is awesome, but joy and peace are still often found in simplicity, especially in nature.
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In a world of excess, spending less than you make is a wealth building super power.
In a world of excess, spending less than you make is a wealth building super power.
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E-commerce is one of the most accessible wealth creation opportunities in history.
I know several people who started niche online businesses in the last few years and have done phenomenally well.
E-commerce is one of the most accessible wealth creation opportunities in history.
I know several people who started niche online businesses in the last few years and have done phenomenally well.
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How can you be wealthier than the man who has what he needs, owes nothing, and does what he likes?
How can you be wealthier than the man who has what he needs, owes nothing, and does what he likes?
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In the long term, wealth must always be stored in assets, not dollars.
Money is potential energy. Assets are wealth.
In the long term, wealth must always be stored in assets, not dollars.
Money is potential energy. Assets are wealth.
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An old man would usually trade his money for his youth, so if the journey isn’t enjoyable it’s not worth taking. Build wealth and be happy doing it.
An old man would usually trade his money for his youth, so if the journey isn’t enjoyable it’s not worth taking. Build wealth and be happy doing it.
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You have to commit to a path in life or all obstacles will feel like too much work and you will end up going nowhere.
Look around and see that this is true.
You have to commit to a path in life or all obstacles will feel like too much work and you will end up going nowhere.
Look around and see that this is true.
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Imagine a subscription service where you could interact & follow some of the brightest minds in the investing world.
Now make it free. Now realize that’s what Twitter can be.
Manage your feed appropriately & you have a more powerful resource than 99% of paid subscriptions.
Imagine a subscription service where you could interact & follow some of the brightest minds in the investing world.
Now make it free. Now realize that’s what Twitter can be.
Manage your feed appropriately & you have a more powerful resource than 99% of paid subscriptions.
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If you manage who you follow on Twitter well, it’s arguably the best resource in the world.
If you manage who you follow on Twitter well, it’s arguably the best resource in the world.
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Most opinions on Twitter are just regurgitations.
If you find someone who thinks logically and independently you should follow them, especially if they see things differently than you do.
Twitter is an incredible tool when we use it wisely!
Most opinions on Twitter are just regurgitations.
If you find someone who thinks logically and independently you should follow them, especially if they see things differently than you do.
Twitter is an incredible tool when we use it wisely!
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Twitter is a book that we are all writing together.
Twitter is a book that we are all writing together.
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If you look for a reason to panic on social media, you will always find it.
If you look for a reason to panic on social media, you will always find it.
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Our “fake news” problem is just an education problem in disguise.
Our “fake news” problem is just an education problem in disguise.
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• Investment is hope expressed financially
• Lavishness is insecurity expressed financially
• Debt is impatience expressed financially
• Charity is love expressed financially
• Savings is discipline expressed financially
• Investment is hope expressed financially
• Lavishness is insecurity expressed financially
• Debt is impatience expressed financially
• Charity is love expressed financially
• Savings is discipline expressed financially
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• Don’t take financial advice from people aren’t rich and try to look like they are.
• Don’t take health advice from people who aren’t fit and don’t care.
• Don’t take relationship advice from people who have miserable/angry personal lives.
• Don’t take financial advice from people aren’t rich and try to look like they are.
• Don’t take health advice from people who aren’t fit and don’t care.
• Don’t take relationship advice from people who have miserable/angry personal lives.
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Don’t try to lose weight, try to get healthy. Don’t try to save money, try to build wealth. Don’t try to get stuff, try to appreciate the things most of us miss. Don’t try to make others jealous, try to make them happy. Don’t beat yourself up when you stumble.
That’s life.
Don’t try to lose weight, try to get healthy. Don’t try to save money, try to build wealth. Don’t try to get stuff, try to appreciate the things most of us miss. Don’t try to make others jealous, try to make them happy. Don’t beat yourself up when you stumble.
That’s life.
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If you’re proven wrong, just admit it. It makes life much easier.
If you’re proven wrong, just admit it. It makes life much easier.
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Strange reality:
You would get more joy from slowly achieving your goal than you would from achieving it overnight and not achieving anything for a long time afterwards. The joy is in the journey.
Strange reality:
You would get more joy from slowly achieving your goal than you would from achieving it overnight and not achieving anything for a long time afterwards. The joy is in the journey.
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Don’t waste your youth. You will never have as much opportunity, as little responsibility, or as much time to rebuild.
Virtues learned young save us from fighting bad habits for the rest of our lives.
Don’t waste your youth. You will never have as much opportunity, as little responsibility, or as much time to rebuild.
Virtues learned young save us from fighting bad habits for the rest of our lives.
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Most people have two problems:
1. They aren’t happy with the way things are.
2. They don’t like change.
Discomfort is the price we pay for growth. If you want to succeed, get used to paying it.
Most people have two problems:
1. They aren’t happy with the way things are.
2. They don’t like change.
Discomfort is the price we pay for growth. If you want to succeed, get used to paying it.
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I don’t know one successful person who didn’t suffer a setback.
And not just a minor setback, but a gut-wrenching, motivation crushing setback.
Rebuilding ultimately makes your process and conviction stronger, and there is no success without resilience.
I don’t know one successful person who didn’t suffer a setback.
And not just a minor setback, but a gut-wrenching, motivation crushing setback.
Rebuilding ultimately makes your process and conviction stronger, and there is no success without resilience.
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A wise man becomes silent, not because he has less to say, but because he knows the futility of speaking to fools.
A wise man becomes silent, not because he has less to say, but because he knows the futility of speaking to fools.
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Money gives you security. Perspective gives you peace.
Money gives you security. Perspective gives you peace.
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Free time is a burden if you don’t know how to fill it.
You can ruin a perfectly good day by thinking it could be spent in a grander fashion.
Free time is a burden if you don’t know how to fill it.
You can ruin a perfectly good day by thinking it could be spent in a grander fashion.
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Nothing increases your odds of success as much as simply getting started.
Nothing increases your odds of success as much as simply getting started.
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Freedom always has a price. Err on the side of freedom.
Freedom always has a price. Err on the side of freedom.
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Genius is finding the simplest solution.
Genius is finding the simplest solution.
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You may measure your success by your ability to be find genuine joy in the success of others.
You may measure your success by your ability to be find genuine joy in the success of others.
