Investing is a beautiful intellectual game. In today’s article, I’ll share a personal story (which feels a bit uncomfortable). It’s about the best investment I ever made and what you can learn from it.
Thank you, so much. I have started reading your blog almost religiously in the recent past. Now, I have become your big fan. I share your posts with a lot of friends, colleagues and also on social media. Now, I have a question.
Can you throw some light on this aspect? Lots of astute investors have made huge money over the last 30 years; do you agree that their performance had been ably assisted by a the 40-year old (since 1981) downtrend in interest rates pushing it to almost zero? Please don't get me wrong, I am not belittling anybody's performance, I am just trying to gauge how much extra effort and/or extra time would be needed in a rising interest rate scenario. Yes, one thing I believe is that interest rates would not go down that much again anytime soon. Even if it does, central banks pumping in another $25 trillion, like they did between 2014 and 2021 (out of that $9 trillion between 2020 and 2021) again, is unlikely to happen for since a large part of those assets creating money still remain in their books making it quite difficult for another round of humongous QE. I am trying to understand what kind of headwind we would have to face notwithstanding great fund managers and quality compounder companies. Please share your views.
Takes a ton of courage to open yourself up in front of all of us. Love the info. you provide. Keep it coming...but don’t burn yourself out.
Thank you for sharing your beautiful story with us.
A great writer (teacher) doesn't just teach, he/she inspires too. In my opinion, the first step of achieving something is "seeing" the result in your head. You know-just like the saying: "If you can see it in your mind, you can hold it in your hand."
This is why personal stories are great, and I (and likely other readers) would love to read more of yours in the future.
Best article so far.
Now I make 4.30% on my money at Discover Bank. On the average overall if you will does the stock market pay in percenages.........? - This for "Compoinding Quality" Thank you for your work here and in your writings.
This article was Quality.
I absolutely love your newsletter and I get such incredible value and
knowledge from it. Thanks so much for sharing
you listend to podcast at the age of 14? How old are you? The story telling method is okay, but tbh. I am overwhelmed by story telling method. To much for me
Great one ! Thank you !
Thank you so much for your generosity, sharing all this info is such a great gift for those who have found you❤️
Great post. I had a similar experience during the bear market in '22. All the overvalued, unprofitable tech companies I'd bought because I listened to certain investing services were getting demolished. I watched my portfolio drop nearly 50%. Day after day, month after month, nothing but red. It was brutal. I nearly gave up. But after a few months of feeling sorry for myself (and thinking about anything else other than investing), I decided to double down, and then I doubled down again, determined to learn from my mistakes. I subscribed to your newsletter, re-read Peter Lynch with fresh eyes (amongst many other books, newsletters, and podcasts), and now realise that last year's brutal market was one of the best things that's happened in my short investing career. I can honestly say I'm a much better investor as a result — more humble, discerning, patient, and knowledgeable. Plus my skin is much thicker. There's no better teacher than failure!
Inspiring to read about your personal story CQ. Thanks for sharing!
Such a great article. As usual!Appreciate you getting personal with your story. I’m sure everyone else does as well. You did a great. Definitely keep the personal stories coming!!
Thanks for the story! But... Could you show yourself?