Thread by @rhemrajani9

5 powerful investing quotes, that will push you to think further and deeper, i'll start the thread with one to kick it off:

“I love quotes… but in the end, knowledge has to be converted to action or it’s worthless.” – Tony Robbins

🧵...

1/ 💡“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” – Albert Einstein

Compounding returns over a long duration will enable you to create wealth over time 💸

2/ 💡"Know what you own, and know why you own it." — Peter Lynch

Try finding companies that you enjoy learning more about and develop your own investment thesis. Its more fun when you are rooting for companies you are more knowledgeable on. Concentration

3/ 💡"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros

Knowing when to sell is hard, manage risk and let the winners run, but take profits!

4/ 💡"Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett

I averaged up on $SE 3/24/21. One of the first growth names to hit new highs from its lows.

Forming conviction is key:

https://twitter.com/rhemrajani9/status/1397284983035805696?s=21

5/ 💡"Given a 10% chance of a 100 times payoff, you should take that bet every time." — Jeff Bezos

Taking an asymmetric bet is hard, but can have life changing returns. Genomics, space, fintech, 3d printing, could be next.

6/ 💡 “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger

To close a bonus one, to leave you with some fruit for thought.

@PelotonHolder @FromValue @AnthonyOhayon @InvestiAnalyst @MaxTheComrade @adventuresinfi @caleb_investTML @Eric_Weiner48 @NatHarooni