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Optimal Finance Daily - Financial Independence and Money Advice

1186: When the Price Is Right You Buy (And You Win) by James Altucher on Value Investing & Investment Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 8 June 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

James Altucher shares when the price is right you buy and you win. Episode 1186: When the Price Is Right You Buy (And You Win) by James Altucher on Value Investing & Investment Advice James Altucher is an American hedge fund manager, entrepreneur, bestselling author, and podcaster. He has founded or cofounded more than 20 companies and says he failed at 17 of them. He has published 11 books, and is a regular contributor to The Financial Times, TechCrunch, and The Huffington Post. USA Today named his book Choose Yourself one of the 12 Best Business Books of All Time. The original post is located here: https://jamesaltucher.com/blog/the-price-you-pay/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1186 when the price is right you buy and you win by James

0:06.8

Altature of James Altature.com and I'm Dan I'm your host and a very happy Monday to you. Hope your week's off to a great start and if you haven't

0:15.8

listened to our other podcast yet you might want to check them out.

0:18.6

Optimal Living Daily covers minimalism, personal development and productivity. So if you like today's episode here, you're definitely

0:24.9

going to like that show too. All you need to do is search for optimal living daily wherever you're hearing this show to find

0:30.0

it along with our other shows. But for now, let's get right to today's post as we optimize your life.

0:36.5

When the price is right, you buy and you win.

0:43.0

By James Altature of James Altature.com

0:46.0

I wanted to learn how to break dance,

0:49.0

so when I was 14, I paid a kid $15 to teach me how. I paid him out of my hard-earned newspaper route money.

0:55.4

I saw him in the streets spinning on a piece of linoleum. He had three friends with him,

0:59.6

all of them were good at their own particular style of breakdancing. One kid was good doing

1:03.8

the back spins, windmills, and head spins. Another kid was good at doing all of the above-floor

1:08.7

stuff like popping, etc. Another kid was good at waving, like his body was made out of rubber.

1:14.0

I had recently lost a contact lens and was afraid to tell my parents they needed to spring for a new pair.

1:19.0

So for the entire summer, way back in the mid-80s, I practice breakdancing every day and I can only

1:24.8

see out of one eye.

1:26.2

Maybe the best summer of my life, certainly the most embarrassing when I now think back on it.

1:30.7

In every spare moment I either hung out with my new friends having no issues

1:34.1

abandoning my other friends who weren't cool enough to understand the finer

1:37.4

subtleties of the windmill or I practiced in front of a mirror.

1:40.3

It's even embarrassing writing these words down. All this brings me to investing.

...

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