1/

25 Top Quotes On Investing, Money, and Life (thread)

"The difference between sounding smart and being smart is 'I don’t know.' "

-- @naval

More: ⬇️⬇️⬇️⬇️
2/

"Conventional metrics don't work on unconventional stocks.

If a technology comes along which changes the entire ballgame,

all those ratios go out the window."

-- @EddyElfenbein
3/

"You want to be in a stock in the second inning of the ballgame,

and out in the seventh.

That could be 30 years."

-- Peter Lynch
4/

"Have more than you show, speak less than you know."

-- Shakespeare
5/

"Checking your stocks daily is like putting up a webcam in the forest to see if the trees are growing."

-- @privatportfolj
6/

"If you don't find a way to make money while you sleep you will work until you die."

-- @WarrenBuffett
7/

"Everyone has the brainpower to make money in stocks.

Not everyone has the stomach."

-- Peter Lynch
8/

"I’d rather be optimistic and wrong,

than pessimistic and right."

-- @elonmusk
9/

"You’ll be most successful where you’re most intensely interested."

-- Charlie Munger
10/

"We waste our time with short-term thinking and busywork.

Warren Buffett spends a year deciding and a day acting.

That act lasts decades."

-- @naval
11/

"The stock market is a giant distraction to the business of investing."

-- Jack Bogle
12/

"If you want success, figure out the price, then pay it.

It sounds trivial and obvious, but if you unpack the idea it has extraordinary power."

-- @ScottAdamsSays
13/

“Compound interest is the 8th wonder of the world.

He who understands it, earns it;

he who doesn’t, pays it.”

- Albert Einstein
14/

"Google was the twelfth search engine.

Facebook was the tenth social network.

iPad was the twentieth tablet.

It's not who gets there first.

It's who gets there first when the market's ready." -

-- @Jason
15/

"I did not intend to get rich.

I just wanted to get independent."

-- Charlie Munger
16/

"When most people say they want to be a millionaire,

what they really mean is "I want to spend $1 million,"

which is literally the opposite of being a millionaire."

-- @morganhousel
17/

"Anybody who doesn’t change their mind a lot is dramatically underestimating the complexity of the world that we live in."

-- @JeffBezos
18/

"Intelligence is the ability to adapt to change."

-– Stephen Hawking
19/

“I win or I learn,

but I never lose.”

-- Nelson Mandela
20/

"All great companies started as small companies.

Find them."

-- @iancassel
21/

"Focus is about saying no."

-- Steve Jobs
22/

“Individuals who cannot master their emotions are ill-suited to profit from the investment process”

-- Benjamin Graham
23/

“Games are won by players who focus on the playing field

– not by those whose eyes are glued to the scoreboard.”

-- @WarrenBuffett
24/

“We are what we repeatedly do.

Excellence, then, is not an act,

but a habit."

-- Aristotle
25/

"Success is never owned.

It is only rented -- and the rent is due every day.”

-- Rory Vaden

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More from @BrianFeroldi

15 Dec
1/ Key takeaways from interview with @jaminball

1⃣Invest in SaaS companies with "must-have" products, not "nice to have"

More:
⬇️⬇️⬇️⬇️
2/ Framework for finding great companies

1⃣World-Class Team
2⃣Great Product
3⃣Large Market
4⃣Market Leader
5⃣Good Economics
6⃣Optionality
3/ Recognize the role of luck

Framework is designed to increase your chances of being lucky,

and decrease your chances of being unlucky
Read 6 tweets
11 Dec
Med-tech is a great industry to get to know

Study these stocks to learn more:

$ABMD
$ALGN
$AMWL
$DXCM
$GDRX
$GH
$IRTC
$ISRG
$LGVW / $BFLY
$NARI
$NVCR
$NNOX
$OM
$ONEM
$PGNY
$PODD
$SDGR
$SILK
$SLP
$SMLR
$SWAV
$TDOC
$TNDM
$VEEV
$ZYXI

Podcast deep dives ⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Podcast deep dives

$AMWL

fool.com/investing/2020…
$DXCM $PODD $TNDM

fool.com/investing/2020…
Read 12 tweets
10 Dec
1/ My Mission: To Spread Financial Wellness (thread)

Here’s what "financial wellness" means to me

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
2/ Mindset

Humans are programmed to think short-term

Evolutionary, thinking short-term makes sense. It helps with survival.

Financial wellness is all about training yourself to develop a long-term mindset

Not easy -- it takes practice
3/ Mindset

If you join the right tribes, you can’t help but improve

My favs:
@AffordAnything
@ChooseFiFI
FinTwit
@MicroCapClub
@themotleyfoolFool
@visualizevalue

Twitter / Podcasts / Blogs / YouTube -- when used correctly -- are amazing resources

Read 25 tweets
8 Dec
1/ How to create an investment checklist (thread)

Checklists are an amazing, FREE, underutilized investing tool

Here's the step-by-step process for how to create your own

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
2/ First, decide what kind of investor you want to be

Are you after:

Compounding machines?
Disruptors?
Dividends?
Founder-led?
Growth at a reasonable price?
High-yield?
Hypergrowth?
Low volatility?
Wide moats?

Know what kind of investments you are after!
3/ Make a list of all of the positive attributes that a "perfect" company would have

Some ideas to get you started:
Read 14 tweets
6 Dec
1/ How I prioritize my stock research list (thread)

I'm lucky

I get asked about tons of stocks that I don't know all the time

Here are the shortcuts that I use to prioritize my research

⬇️⬇️⬇️⬇️⬇️
2/ First, create a big list of tickers

TONS of places to find them

✅ Motley Fool
✅ Twitter
✅ ETFs
✅ SEC filings
etc....

This recent thread is a good place to start

3/ Put each ticker into @ycharts

Has it:

1⃣Beaten the S&P 500 since IPO?
2⃣Beaten the S&P 500 in last 5 years?

Winners keep on winning
Losers keep on losing

Yes = prioritize
No = de-prioritize
Read 14 tweets
4 Dec
1/ The Queen's Gambit is apparently causing demand for chess to surge!

I play daily and coach at my kid's school, so I love seeing the interest

If you're want to learn about chess, here are some great free resources (thread)
2/ How to play & basics

Great YouTube videos



3/ Opening principles



@thechesswebsite -

Read 10 tweets

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