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Episode 3673:
Brian Tracy gathers ten pieces of investment advice drawn from interviews with thousands of successful investors, and most of them are about temperament rather than technique. He argues that every investment carries uncertainty, that roughly half will go wrong, and that the investors who do well are the ones who take profits early, separate hunches from hopes, and refuse to fall in love with what they own. He also makes the case for thinking independently and moving on quickly when a position does not work.
Read along with the original article(s) here: https://www.briantracy.com/blog/financial-success/how-to-invest-and-make-more-money-10-practical-tips-and-financial-advice-from-successful-investors/
Quotes to ponder:
"Never fall in love with an investment."
"Optimism means expecting the best, but confidence comes from knowing how you will handle the worst."
"Investment opportunities are like buses; there will always be another one along."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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