Top 🔟 investing lessons I wish I could teach my younger self
1⃣Don't be in a rush to sell
Selling a big winner early is the most expensive investing mistake you can make
Selling a big winner early is the most expensive investing mistake you can make
2⃣Capital is precious
Buy the highest-quality companies you can find
Avoid everything else
Buy the highest-quality companies you can find
Avoid everything else
3⃣The best stock you can buy today might already be in your portfolio
Add to your winners
Add to your winners
4⃣Your biggest edge is patience
Don't waste it
Don't waste it
5⃣"Do nothing" is almost always the correct move
6⃣Know what valuation metrics matter
when they matter
and when they don't matter
P/E Ratio is great, but not universally applicable
when they matter
and when they don't matter
P/E Ratio is great, but not universally applicable
7⃣Focus on your personal finances first
Handling volatility is so much easier when your personal finances are anti-fragile
Handling volatility is so much easier when your personal finances are anti-fragile
8⃣You're going to be wrong a lot
Your goal isn't to bat 1.000
Your goal is to increase your odds of success
Your goal isn't to bat 1.000
Your goal is to increase your odds of success
9⃣Connect with other long-term investors
A good community is worth its weight in gold, diamonds, platinum, and bitcoin combined
Especially when bear markets appear
A good community is worth its weight in gold, diamonds, platinum, and bitcoin combined
Especially when bear markets appear
🔟 Watch the business, not the stock
The two are not linked at all in the short-term
But 100% linked in the long-term
The two are not linked at all in the short-term
But 100% linked in the long-term
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