The 100th podcast of my show releases this week! That’s 100 experts sharing their macro and investment wisdom with our listeners. Thank you all for the amazing support!
To celebrate, I've collated some of the best tips for investors shared by our exceptional guests🐝👇
To celebrate, I've collated some of the best tips for investors shared by our exceptional guests🐝👇
[1] First up, @agurevich23: Aggressive ≠ Underdisciplined
“The sky is the limit. Being aggressive does not mean being undisciplined. You can be disciplined, but you should not set your targets low in financial markets”
“The sky is the limit. Being aggressive does not mean being undisciplined. You can be disciplined, but you should not set your targets low in financial markets”
[2] Ari Paul: Position Sizing
“Risk is only sizing. If you think #Bitcoin is too risky, you could size it at 0.01% of your portfolio. Too risky isn’t a reason not to own an asset. If something is positive expected value, risk adjusted, & relatively low correlation, own it.”
“Risk is only sizing. If you think #Bitcoin is too risky, you could size it at 0.01% of your portfolio. Too risky isn’t a reason not to own an asset. If something is positive expected value, risk adjusted, & relatively low correlation, own it.”
[3] @MarkStanwyck: Have Conviction
“Know enough to have conviction… know enough to build a thesis that no one else or maybe not a lot of people have. And that will also actually carry you through the investment and have you hold it through the ups and down.”
“Know enough to have conviction… know enough to build a thesis that no one else or maybe not a lot of people have. And that will also actually carry you through the investment and have you hold it through the ups and down.”
[4] Myself 🙂: Patience is Key
“Patience is really important to do well when investing. So, don’t feel bad if you’re just making five or six percent a year. If you do that year in and year out, you’ll do really, really well”.
“Patience is really important to do well when investing. So, don’t feel bad if you’re just making five or six percent a year. If you do that year in and year out, you’ll do really, really well”.
[5] Todd Edgar: Buckle Up
“It’s always hard, this is never going to be easy, so either quit or man up, to a certain extent. But also, just know that there’s going to be ups & downs, & have a robust process & a robust self-belief, which, frankly, is a lot easier said than done.”
“It’s always hard, this is never going to be easy, so either quit or man up, to a certain extent. But also, just know that there’s going to be ups & downs, & have a robust process & a robust self-belief, which, frankly, is a lot easier said than done.”
[6] @azeem: What's the Rush?
“You don’t have to do it. So a pass is as good as getting into it. And so don’t ever feel that pressure of I’ve got to chase this and I’ve got to get into it now.”
“You don’t have to do it. So a pass is as good as getting into it. And so don’t ever feel that pressure of I’ve got to chase this and I’ve got to get into it now.”
[7] @SquishChaos: What do you Value?
“Every value #investor does a different thing and distinguishes themselves in a different way...you have to find your own style, not just your own genre, but really your own flair."
“Every value #investor does a different thing and distinguishes themselves in a different way...you have to find your own style, not just your own genre, but really your own flair."
[8] @MarcRuby: Forget Taxes
“Don’t be driven by tax. I’ve seen many personal investors, retail investors make mistakes, including myself historically, by making a decision that was driven by tax rather than by the underlying investment rationale.”
“Don’t be driven by tax. I’ve seen many personal investors, retail investors make mistakes, including myself historically, by making a decision that was driven by tax rather than by the underlying investment rationale.”
[9] @richardmuirhead: Love a Product? Buy Their Shares
“If you find a product that you really love, don’t just buy the product, buy some of the shares of the company behind that product. Because if you love it, then probably a lot of other people are going to as well.”
“If you find a product that you really love, don’t just buy the product, buy some of the shares of the company behind that product. Because if you love it, then probably a lot of other people are going to as well.”
[10] @AnasAlhajji: Just Five Minutes
“The best investment advice basically was kind of a very funny one – before you click, leave the room and come back after five minutes.”
“The best investment advice basically was kind of a very funny one – before you click, leave the room and come back after five minutes.”
[11a] @MarkYusko: Do Double Up, Don’t Double Down
“Losers, average losers and winners press winners. I’ve been very lucky. I had a mentor, Julian Robertson for a couple decades. He had an uncanny ability to double up. He would never double down....
“Losers, average losers and winners press winners. I’ve been very lucky. I had a mentor, Julian Robertson for a couple decades. He had an uncanny ability to double up. He would never double down....
[11b] ... If something went in against him, he would say, “We’re wrong, admit, you’re wrong. Take the loss and live to fight another day”. When he was right and things were going his way, he had an uncanny ability to double up to press the winner."
Hope that helps! Also, if you’re an avid listener of our podcast, or just want great macro and investment analysis, then we have news.
We’re offering our best ever deal to become a member of Macro Hive today – just $1 for 8 weeks!
Sign up here: macrohive.com/100podcast
We’re offering our best ever deal to become a member of Macro Hive today – just $1 for 8 weeks!
Sign up here: macrohive.com/100podcast
Special shoutouts to @LynAldenContact @alfonsopratgay @B_Eichengreen @BlockFiZac @elidourado @macrocredit @ButlerGoldRevo @C_Angermayer @JulietteJDI @VMRConstancio @DavidBeckworth @ProfJohnKay @roshunpatel @SammSacks @aedmans, among many other greats for appearing on the show!
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