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Jason trice

RBI Podcast Summaries

3y ago

Disciple | Husband | Father | Writer | Investor | Here to learn and encourage. Grateful our paths have crossed🙏🏻 https://enroll.ship30for30.com

1. "Do I contradict myself? Very well, then I contradict myself, I am large, I contain multitudes." - Walt Whitman

The ability to keep contradictory thoughts in your mind at the same time is important. Be open to the possibility that things might change for better or worse. You'll be a better investor when you become less defensive and learn to contradict yourself.

2. "Stocks always go down faster than they go up, but they always go up more than they go down." - David Gardner

2 out of 3 years, the stock market goes up. The average Bear market lasts 18 months, while the average Bull market lasts several years.

The best way most of us are going to make the most money in our lives:

  • Invest in the stock market

  • Leave it in the stock market

  • Add more to the stock market as we save and age

3. "First come the innovators, who see opportunities that others don't. Then come the imitators, who copy what the innovators have done. Then come the idiots, whose avarice undoes the very innovations they are trying to use to get rich. -Warren Buffett (paraphrase)

Innovators = Rule Breakers

Be careful when the idiots arrive.

4. "I came here to drink milk & kick ass, & I just finished my milk." Moss from The IT Crowd

A quote to highlight the nature of geekiness-it grows less geeky and more mainstream over time. A fantastical thing combined with a geeky audience could produce a multibillion-dollar franchise.

Reference: Great Quotes Vol. 2: Rule Breaker Investing

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