Thread by @studios

How to build long-term orientation in the stock market?

@borrowed_ideas shares his journey & learnings at #ftw2021 #FintwitSummit
Your competitive advantages
How to eliminate biases
Become a capital allocator
Compounding returns
Respect the rules
10x in 10 years
Avoid the risks

Regardless of the disadvantages, you can focus on the other side of the coin 🪙:

• No redemption request
• No fees
• You can afford to underperform
• You can avoid quarterly vagaries
• You can think of owning a piece of business

Abdullah eliminates the common biases that appear regularly in the investing world.

We are all capital allocators, whether you realize it or not.

Here are some additional elements to consider directly from the speaker.

Borrow these ideas.

🔽🔽🔽

https://twitter.com/borrowed_ideas/status/1371975823964700672

Abdullah enjoys investing, and this is the way he understands the world, how people and business work.

More golden nuggets are being shared during the presentation.

Investing is a long-term game, where the law of compounding provides excellent results in decades.

One reading recommendation is Even God Couldn’t Beat DCA.

Here is a summary ofdollarsanddata.com/even-god-could…

Make sure you make correct decisions:
• No margin loans, options, leverage, shorting
• Target FIRN, not FIRE.
• Beware of envy.

It is possible to achieve 5x in 5 years, and also 10x in 10 years.

There is no guarantee in investing, however, the US provides the closes thing to it in the long-term.

And don't forget about William Bernstein's deep-risks:
• Hyperinflation
• Deflation
• Confiscation
• Devastation.

If you enjoyed this summary, follow
🔽
@borrowed_ideas