071 - Better Investor Series: 10 Steps to Investment Success

Real Personal Finance

In this episode, we explain the principles you need to understand and apply for your investment success. They are simple principles but not always obvious. It is important to understand these frameworks based on economic research to improve your chances of investment success.

Timestamps:

• How to understand economic frameworks that help you build financial investing [1:01]
• Embrace market pricing- the equilibrium price [1:47]
• The risk of trying to outcast the market according to statistics [3:40]
• Resist chasing past performance- luck versus skill [7:07]
• How to let the market work for you not you against it [8:29]
• Consider the different aspects of the market with different drivers of return [10:46]
• Practice smart diversification- investing in different countries, not the US alone [14:15]
• Learn to avoid market timing [16:01]
• Manage your emotions so as not to dictate your investments decisions [19:04]
• Look beyond the headlines because the media is designed to put fear in you [20:40]
• Focus on what you can control [22:34]

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James

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