445 | Fundamental Truths of Investing | Brian Feroldi

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Brad Barrett | Choose FI Media

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4.8 • 5K Ratings

🗓️ 10 July 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: investing, losing money hurts, pessimism, optimism, index funds, psychology, history, and building wealth.

Whether you're a confident investor or weary of playing the market, there is still a lot to be learned when it comes to your investments. This week we are re-joined by friend of the podcast Brian Feroldi to discuss important truths and takeaways he’s learned as a decades-long investor, from navigating the psychology and history of the market, to focusing on longevity and simplicity rather than getting rich quick. When listening to this episode, remember that playing the market doesn’t have to be a complicated game, and no one should feel un-equipped to invest! Just be sure to understand that investing will never be a perfect journey, and preparing yourself for low points may help you make better decisions in the long run!

Brian Feroldi:

Website: brianferoldi.com
Twitter: @brianferoldi
Book: “Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren’t” By Brian Feroldi

Timestamps:

0:41 - Introduction
4:27 - You Will Be Wrong
9:45 - Losing Money HURTS
12:54 - Humans Are Naturally Bad Investors
16:09 - Pessimism And Optimism
20:22 - The Power Of Index Funds
22:31 - The Power Of History And Psychology
24:45 - Avoiding Ruin Is A Skill
28:56 - Keeping It Simple
35:24 - To Build Wealth, You Need To Invest
37:50 - Conclusion

Resources Mentioned In Today’s Episode:

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Transcript

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0:00.0	Hello and welcome to Choose If I. I'm your host Brad Barrett and today on the show we have Brian
0:04.7	Faraldy on to talk about many of the lessons he's picked up over his nearly two decades as an
0:10.7	investor and it's fascinating how there's a common thread of understanding history and understand
0:16.5	his psychology and thinking long term and I think you're really going to enjoy this episode where we
0:21.6	go through the tactical and then zoom out to talk really broad based lessons on how to succeed as
0:29.2	an investor over an investing lifetime with that welcome to choose if I
0:41.4	Brian my friend welcome back to choose if I it's always great to have you here Brad it is always
0:45.8	a pleasure to be here thank you for having me yeah this should be fun so okay you obviously are
0:51.2	prolific on Twitter and you are extraordinary on Twitter frankly so I think at last count you have
0:57.2	nearly half a million followers and Twitter which is absolutely unbelievable but honestly it's
1:02.1	not unbelievable when you see the amount of content and the quality of content you're putting out
1:05.8	and you put out a bunch of Twitter threads recently that I wish we could spend an entire episode
1:12.0	talking about each of them frankly because I think there's a lot there but the one that
1:16.8	peaked my interest the most and I thought would be great for a wide ranging conversation I think
1:21.8	what's so great about you is you can get down to the the minute tactical but then zoom out and
1:28.0	look at okay what's the psychology what are the things that I need to know to succeed over a long
1:34.2	period of time and I think that's it's a really interesting skill to be able to do both frankly so
1:39.3	kudos to you obviously but I want to dive into these this post is I've been investing for 18 years
1:44.7	here 38 short investing truths I've learned the hard way now obviously Brian we're not going to
1:49.6	do all 38 but let's try to bump through as many of these as we can and just talk about it with
1:55.1	our own backgrounds because I think that gives some flavor on these truths and really people can
2:01.1	see how it's applicable to their own lives yeah if you are an investor for any period of time
	...

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