10 Questions To Master Successful Investing

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 23 October 2019

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What are the timeless principles we can follow in order to become better investors.

Topics covered in this episode include:

How a book's permanence makes it different from a podcast.
How David's book got written and published and why his publisher just recalled the hardcover version of the book.
What are the 10 questions we should answer before we invest in anything.

Thanks to NetSuite and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

[0:20] How David decided to write a book.
[3:00?] The right book can change your life.
[4:20] The art of writing a book.
[7:00] The extensive process of writing a book.
[9:57] Recording the audiobook.
[11:32] Question 1: What is it?
[13:36] Question 2: Is it investing, speculating, or gambling?
[14:32] Question 3: What is the upside?
[15:54] Question 4: What is the downside?
[16:42] Question 5: Who is on the other side of the trade?
[18:06] Question 6: What is the investment vehicle?
[18:58] Question 7: What does it take to be successful?
[20:20] Question 8: Who is getting a cut?
[21:03] Question 9: How does it impact your portfolio?
[22:05] Question 10: Should you invest?
[23:06] What happened to the book launch

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Transcript

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0:00.0	Welcome to Money for the rest of us. This is a personal finance show on money, how it works, how to invest it and how to live without worrying about it.
0:09.0	I'm your host David Stein today's episode 274. It's titled, 10 questions to master successful
0:16.9	investing. Just over two years ago I received an email from Paul Lucas of the literary agency Janklo and Nesbit.
0:25.6	He had been listening to my podcast for six months or so, was a fan.
0:29.8	His father used to be a Wall Street analyst, so Paul mentioned that he found many of the topics on the show both familiar and engaging.
0:37.0	He wrote,
0:38.0	One of my dreams is to represent a useful book that could live forever, a modern version of the only
0:45.7	investment guide you'll ever need. I was wondering if you were interested in
0:50.2	pursuing a book and if it is something you'd like to discuss with me.
0:54.0	The only investment guide you ever need came out in 1978.
0:58.0	It was written by Andrew Tobias.
1:01.0	It's a good book, but it's 40 years old.
1:04.2	It's a classic investment book, so this idea of a useful book
1:08.8	that could live on for decades.
1:11.8	I admit, it piqu peaked my interest so had some calls with Paul and I decided to
1:17.6	write a book. I was reminded recently how the right book at the right time can change your life.
1:25.5	My daughter and I were recently in Ohio to visit family and we attended my 40th year reunion
1:30.6	from my eighth grade graduating class from St. Margaret Mary in North College Hill, Ohio.
1:37.0	One of my friends was there, and I don't think I have seen him, maybe since I left school school because most of my friends went to private
1:45.2	Catholic high schools and I went to public school. He might have been at the 10th year
1:49.5	reunion but as soon as I saw him, I thought of the sled.
1:55.0	My mother had a sled growing up. It was a flexible flyer.
	...

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