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20 results for “investment philosophy”
...of your specific investments can be incredibly challenging. But with deliberate thought, foresight, and planning, you can overcome those challenges with a balanced portfolio that helps you reach your financial goals and, as importantly, enables you t
12:51 / 13:57
from transcript12:51 – 13:57
that you could turn that on its head and say, okay. Understanding how we behave, and we're not gonna be fully rational, how can we use the way we behave to be better longer term investors? I make this argument in the book that people should not aim t
45:06 / 46:06
from transcript45:06 – 46:06
We call them goals, but in sort of buckets, right, which is to say, okay, you should always have an emergency savings account. That is three to six months relatively liquid assets so that, you know, if you get in a bind, which happens on a lot of occ
26:58 / 28:06
from transcript26:58 – 28:06
investing involves two decisions. You know, it's the selection question, the what question, what am I gonna buy, what am I gonna sell, what's going up, what's going down, and then there's the sizing question, how much should I have of the things that
6:46 / 7:57
from transcript6:46 – 7:57
...an investment committee on board with allowing you to do something that was very different from what other people were doing. How does one modulate their behavioral biases in that context? Because we always seem to learn from our mistakes more than o
33:51 / 34:53
from transcript33:51 – 34:53
To answer your question, the idea that we are products of our own experiences, most of which are out of our control, is a good realization because it means my desires, your desires, our own view of the entire world, how we view the economy and politi
28:02 / 29:50
from transcript28:02 – 29:50
To answer your question, the idea that we are products of our own experiences, most of which are out of our control, is a good realization because it means my desires, your desires, our own view of the entire world, how we view the economy and politi
28:02 / 30:17
from transcript28:02 – 30:17
...investments, if the markets are volatile, I can derisk my portfolio by taking away from my equity allocation and adding gold or cash or something to derisk the portfolio. Or if I wanna be more tactical and opportunistic and chase returns, I can take
19:05 / 20:32
from transcript19:05 – 20:32
Like, the things I could do with that, the things that and so, you know, depending on how you frame things and and going back to the endowments, you know, this is a great point too because thinking about these various buckets, you know, they notoriou
21:01 / 22:09
from transcript21:01 – 22:09
afraid to step outside of that. You see this happen all over the place. People kinda get trapped or they feel like they're trapped in one lane. I was also just fascinated by the world of investing. Eventually, I was like, Mike, is there any chance I
42:43 / 44:03
from transcript42:43 – 44:03
realizing that, that doesn't necessarily mean that's causal. It's like, okay. All the poor have to do is just have business interest and they'll get rich. Well, not necessarily. Obviously, you know, not every business is getting just because you're a
9:55 / 12:07
from transcript9:55 – 12:07
And I'm a qualitative investor, and that becomes very difficult when you're trying to talk to quants or people who think about a world in data rooms and spreadsheets and wanting an answer to how you decided that you want to invest in something becaus
7:25 / 8:34
from transcript7:25 – 8:34
...investments? Like, look. If it's a hobby, you enjoy doing it. Great. But, basically, in your quest to outperform. So, hey. I'm trying to get a 15% return instead of 10 or I'm, whatever, trading, YOLO ing into options. I'm trying to but, basically, qu
27:03 / 28:07
from transcript27:03 – 28:07
So I'm not sure I would give myself specific advice about the craft of investing because I I I think that's something you can only learn by experience. I think what I would say to myself is when it comes to thinking about how you can bring this capab
5:56 / 7:01
from transcript5:56 – 7:01
...investments that we will, ahead of time, track define how we're gonna track them and measure them. Right? So it's concept of doing well and doing good and measuring both. And, you know, this is kind of it's obviously related to sustainable investing,
28:36 / 29:49
from transcript28:36 – 29:49
...their investment experience just for all their money back. You know? Like, if you the the time you're spending trying to figure out how to get a slightly better return could be so much better spent on human capital sorts of things early on. And I thi
26:22 / 27:21
from transcript26:22 – 27:21
...make any investments that keep you up at night that cause you to be distracted from your family, those are bad investments even if they're returning record setting compounded annual growth rates. So I think I have fallen prey to that perhaps a couple
15:43 / 16:47
from transcript15:43 – 16:47
...getting an investment committee on board with allowing you to do something that was very different from what other people were doing.
33:04 / 34:11
from transcript33:04 – 34:11
...this doesn't just exist in the investment portfolio.
46:32 / 47:33
from transcript46:32 – 47:33
to invest for the future. So so first of all, in in that sense, the sizing question is even more critical than the what question. The sizing question is a question that you can answer that you don't need to answer better than anybody else. You're not
7:33 / 8:39
from transcript7:33 – 8:39
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