4.5 • 928 Ratings
🗓️ 8 July 2015
⏱️ 5 minutes
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Go against the conventional wisdom – buy a stock directly, and buy it to hold. David explains the importance of these actions and how anyone can be a Rule-Breaking investor.
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| 0:00.0 | It's the Rule Breaker Investing Podcast with Motley Full Co-founder David Gardner. |
| 0:07.0 | Hi there, it's David Gardner and this is Rule Breaker Invest investing and I wanted to spend a little time today just talking about what it means to be a Rule Breaker. |
| 0:17.0 | I've got three basic traits that I think you and I share if we're rule breakers together. |
| 0:24.0 | This is about investing, of course, so that's the context that we're going to go with. |
| 0:29.0 | And the very first trade is, number one, that we are willing to buy a stock. |
| 0:35.0 | You know, if you even have capital and sadly not enough Americans do, |
| 0:38.0 | but if you even have capital, congratulations, |
| 0:41.0 | and you may well have it in funds. |
| 0:42.0 | That's where most Americans have their |
| 0:44.7 | capital who have capital. They've bought mutual funds or they've checked a box |
| 0:47.8 | on their 401k plan and in my mind that's a good enough answer for a lot of us. |
| 0:53.7 | But if you're a rule breaker, if you're going to go against the conventional wisdom, |
| 0:57.6 | then you probably want to amp it up a little bit more. |
| 0:59.8 | And I think therefore you're going to be're going to be willing to I hope even comfortable |
| 1:03.9 | buying a stock directly so that's trait number one naturally this is rule breaker |
| 1:09.7 | investing so we're going to be talking about investing in stocks my passion. |
| 1:14.0 | Number two, you're also going to be capital left foolish. |
| 1:18.0 | You're going to be going against conventional wisdom in this regard as well. |
| 1:21.0 | You are going to be buying a stock to hold that |
| 1:25.4 | stock again we live in a world where most people are not investing they're |
| 1:29.2 | trading if if you have friends who love the stock, a lot of them in my experience are selling too frequently. |
| 1:36.0 | They're in and out, they're trying to guess where the market itself is headed. |
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