3158: How to Create "Tiny Advantages" and Crush Your Opponents by James Altucher on Investing Advice

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 28 May 2025

⏱️ 9 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3158: James Altucher draws a powerful parallel between winning at chess and successful investing: both hinge on consistently building tiny advantages. From choosing debt-free companies with strong cash reserves to aligning with demographic trends, he reveals how small, smart moves compound into big wins, without relying on flashy predictions or risky gambles. Read along with the original article(s) here: https://jamesaltucher.com/blog/what-makes-some-stocks-safer/ Quotes to ponder: "Basically, accumulate tiny advantages throughout the game." "If a company has a lot of cash in the bank and no debt, then it’s not going to file bankruptcy anytime soon." "The goal is to find that very unique combination of stocks that could go up quite a bit that also have a good margin of safety around them." Episode references: S&P Dow Jones SPIVA U.S. Scorecard 2020: https://www.spglobal.com/spdji/en/research-insights/spiva/ The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:53.9	How to create tiny advantages and crush your opponents
0:57.5	by James Altiture of James Altiture.com. First, let me tell you how you win a game of chess. You'll see why.
1:07.5	Rule number one, make sure all of your pieces are protected.
1:11.6	There are exceptions to this rule, but in general, just make sure you aren't leaving anything hanging.
1:17.1	That is, in such a way that the opponent can take it without being forced to pay for it.
1:22.7	The next technique is the one that most beginners don't know, but it's really important.
1:27.9	Basically, accumulate tiny advantages throughout the game.
1:32.0	An example is you have your rook on an open file, or you have a less exposed king than the other guy,
	...

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