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Motley Fool Answers

7 Investing Sins

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 11 August 2020

⏱️ 35 minutes

🧾️ Download transcript

Summary

Financial Planning Fool Amanda Kish joins us to discuss the things you should not do if you want to be a successful investor.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by

0:08.5

Roberto Brocampo, personal finance expert here at The Motley Fool. Hello, bro. Hello,

0:15.4

Alicino or something like that. That was awful. We'll maybe do better next time.

0:21.6

So, this week's episode, we are going to share with you the Motley Fool's seven don'ts

0:27.0

for successful investing over the long haul.

0:31.3

All that and more on this week's episode of Motleyful Answers.

0:35.9

So, Allison, what's up? Well, in the past, bro, we've brought our dear

0:40.6

listeners stories of the lives of famous investors like Jack Bogle, John Templeton, and others.

0:45.9

So today, I'm going to bring you the life so far of another famously successful investor.

0:52.8

So, if I say the name, Robert Smith, chances are that name doesn't ring a bell.

0:58.3

Or if you're a Gen Xer, like Rick, then, yeah, the name does ring a bell.

1:04.3

But no, I'm not here to talk about the lead singer of the cure.

1:08.4

Otherwise, Robert Smith is a generic name that doesn't likely make you think of someone

1:13.3

famous, which is too bad because Robert F. Smith is someone worth knowing. And today, I'm going to

1:19.3

give you a book report, essentially on Robert Smith, the successful investor, philanthropist,

1:24.3

and up until recently, quietly one of the richest men in the world and the richest African American.

1:29.6

Yes, richer than Oprah, someone I know you've heard of.

1:34.5

All right, here we go.

1:36.0

I pulled most of my information from articles in the New York Times and Washington Post.

1:40.4

Funny enough, both of them were titled, both of the articles were titled,

1:43.7

who is Robert Smith?

1:45.7

And then also a bunch of articles from Forbes.com.

...

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