Podcasts about invest like warren buffett

In episode #2670, we delve into a thought-provoking discussion on why deplatforming Donald Trump didn't work. We explore the surprising data and analyze the impact of attempts to silence him. The conversation evolves into a fascinating exploration of investment strategies, drawing parallels to the approach of Warren Buffett.   Don't forget to help us grow by subscribing and liking on YouTube!   Check out more of Eric's content (Leveling UP YT) and Neil's videos (Neil Patel YT)    TIME-STAMPED SHOW NOTES: (00:00) Today's topic: Why deplatforming trump didn't work, How to invest like Warren Buffett, and What Assets Make Up Wealth Based on Your Net Worth (00:33) Neil disagrees, graph shows stable opinions on Donald Trump, 42% favorable, 52% unfavorable. Constant from Jan 2021 to Jan 2024. (05:19) Speculation on crypto safety and market volume. Ripple wins SEC case. (07:29) Invest with high concentration, like Warren Buffett did. (12:07) Net worth breakdown: 25% primary residence, 10% vehicle, 5% liquid, rest in retirement and insurance. (12:43) Assets shift from percentages to higher values. (15:30) That's it for today! Don't forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more!   Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review.   Connect with Us:    Single Grain

(11/6/23) Friday's employment report was weaker than expected, as expected; there's always no recession in sight...until it is. How long will it take for the lag effect to appear? Black Friday preview; market rallied to 6% after previous week of disappointment. Markets ran through resistance, and are now over bought; looking at Bonds' tough year. The Fed says yields are doing its work; there's no safe place to hide. Consumer confidence is key, and creates inflation; the trap the Fed is now in. Citizen Bank failure; higher interest rates are begining to take a toll. Why the FIRE movement is dead; the problem with retiring too early: Loss of skill; "Soft Saving" is now in: More relaxed attitude about retirement and savings, living in the moment. Berkshire Hathaway Quarterly report reveals hoardes of cash: Why you cannot invest like Warren Buffett, but watch what he doeds with cash: Buying Treasuries. We're still dealing with effects of financial stimulus in the system. SEG-1: Employment Report Weaker Than Expected...as expected SEG-2: No Safe Place to Hide? SEG-3: Higher Rates Are Beginning to Take a Toll SEG-4: Why You Cannot Invest Like Warren Buffett Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=joE1n-XJZYY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- The latest installment of our new feature, Before the Bell, "Can the Market Rally Continue? " is here: https://www.youtube.com/watch?v=PQ0J54xPu9Q&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "What If Your Financial Plan Fails?" https://www.youtube.com/watch?v=jZIezlwntXc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- Articles Mentioned in this Show: "Job And Retail Sales Data: Always Good Until They Aren't" https://realinvestmentadvice.com/job-and-retail-sales-data-always-good-until-they-arent/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EmploymentReport #FederalReserve #InterestRates #BlackFriday #ConsumerConfidence #BankFailure #Recession #BerkshireHathaway #WareenBuffett #Markets #Money #Investing

(11/6/23) Friday's employment report was weaker than expected, as expected; there's always no recession in sight...until it is. How long will it take for the lag effect to appear? Black Friday preview; market rallied to 6% after previous week of disappointment. Markets ran through resistance, and are now over bought; looking at Bonds' tough year. The Fed says yields are doing its work; there's no safe place to hide.  Consumer confidence is key, and creates inflation; the trap the Fed is now in. Citizen Bank failure; higher interest rates are begining to take a toll. Why the FIRE movement is dead; the problem with retiring too early: Loss of skill; "Soft Saving" is now in: More relaxed attitude about retirement and savings, living in the moment. Berkshire Hathaway Quarterly report reveals hoardes of cash: Why you cannot invest like Warren Buffett, but watch what he doeds with cash: Buying Treasuries. We're still dealing with effects of financial stimulus in the system. SEG-1: Employment Report Weaker Than Expected...as expected SEG-2: No Safe Place to Hide? SEG-3: Higher Rates Are Beginning to Take a Toll SEG-4: Why You Cannot Invest Like Warren Buffett Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=joE1n-XJZYY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- The latest installment of our new feature, Before the Bell, "Can the Market Rally Continue? " is here: https://www.youtube.com/watch?v=PQ0J54xPu9Q&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "What If Your Financial Plan Fails?" https://www.youtube.com/watch?v=jZIezlwntXc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- Articles Mentioned in this Show: "Job And Retail Sales Data: Always Good Until They Aren't" https://realinvestmentadvice.com/job-and-retail-sales-data-always-good-until-they-arent/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EmploymentReport #FederalReserve #InterestRates #BlackFriday #ConsumerConfidence #BankFailure #Recession #BerkshireHathaway #WareenBuffett #Markets #Money #Investing

Here are some lessons from Buffett's investing success (1:30) - How Did Warren Buffett Get Started In Investing? (7:10) - How Has Berkshire Hathaway's Investing Changed Over The Years? (12:20) - Breaking Down Warren Buffett's Current Portfolio Holdings (19:30) -  Creating Your Own Mini Berkshire Hathaway Portfolio: What Stocks Should You Consider? (23:40) - First Trust RBA American Industrial Renaissance ETF: AIRR (28:50) - Episode Roundup: FAST,MTZ, URI, MOAT, VOO, IVV, SPLG, QUS Podcast@Zacks.com

In this Episode, James Parkyn & François Doyon La Rochelle review the latest eBook authored by James Parkyn titled Investing Life Skills for Early Savers.  This eBook is available on the Capital topics website and in our Team's section on the PWL Capital website and will provide important life skills that will serve early savers on the road of making smart money decisions.  eBook: Investing Life Skills for Early Savers - PWL Capital   Read The Script:  Introduction:  François Doyon La Rochelle:  You're listening to Capital Topics, episode #54!  This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.   Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.  In this episode, we will review the latest eBook authored by James titled INVESTING LIFE SKILLS FOR EARLY SAVERS.  Enjoy!    Investing Life Skills for Early Savers :  François Doyon La Rochelle: In today's Podcast, we will cover only one Topic which is a Review of the latest eBook Authored by you James titled INVESTING LIFE SKILLS FOR EARLY SAVERS. This ebook is available on the Capital Topics website and in our Team's section on the PWL Capital website. This has been a major effort and, in our Team, we made a strategic decision a few years back to add Next Generation clients to our Practice which includes the children of our current clients.   James Parkyn: Yes, this has been a major undertaking as these younger clients are, in many cases, in the early stages of learning about saving and investing.  In some cases, their thinking and experience are surprisingly advanced.  In the case of the children of our clients, the parents were very happy we are undertaking this initiative.  For them, it is part of their family values to help them develop what they consider to be an essential life skill going forward in their lives.  Many of them also realize they wish they had started much younger than they did.  François Doyon La Rochelle: For our Listeners, this is an eBook format, so it is relatively short at 28 pages with a lot of pictures and graphic illustrations and, is meant to be an easy jargon-free read. James, what is the main message you are trying to get across to Early Savers?  James Parkyn: My main message is about the importance of starting early.   It is a life skill that will serve you well on the road of life and will give you the confidence to make smart money decisions. Just to be clear for our listeners, what we mean by 'Life Skills' are the skills you need to make the most out of life. Any skill that is useful in your life can be considered a life skill. Early savers need to make this a high priority.   François Doyon La Rochelle: You have had a lot of meetings with Early Savers over the last few years and what did you learn?   James Parkyn: First off, I had to connect with them, so I decided to start the conversation from the vantage point of “Start with Why”.  The idea comes from Author Simon Sinek who wrote a highly regarded book on the topic.   François Doyon La Rochelle: What else resonates for them?  James Parkyn: Well, I always like to connect with anecdotes about music. I mention the song “Time” by Pink Floyd from the seminal album “Dark Side of the Moon published in the early 1970s”.    François Doyon La Rochelle: Ok, but this music is from their Parents' generation.   There is another song on that album called “Money”, but the lyrics are mostly political.    James Parkyn: To my surprise, many know Pink Floyd and the song.  What I like about the lyrics from the song “Time” is that they convey a key message about the importance of starting early. I suspect the Band probably did not realize it when they wrote the words but somehow, they related a fundamental lesson about learning Investing Life Skills early.  François Doyon La Rochelle: What do the lyrics say?  James Parkyn: “Ticking away the moments that make up a dull day. Fritter and waste the hours in an offhand way. Kicking around on a piece of ground in your hometown. Waiting for someone or something to show you the way. Tired of lying in the sunshine, staying home to watch the rain. You are young and life is long, and there is time to kill today.  And then one day you find ten years have got behind you. No one told you when to run, you missed the starting gun.”  François Doyon La Rochelle: Wow, that's incredible how relevant the message is to our Topic.  This new eBook is trying to help Early Savers to understand the importance of starting now.  There will be no one to fire a starting gun to tell you to start learning and investing.  James Parkyn: Exactly Francois. For me personally the joy of seeing the light go on about Investing in Life Skills is because they realize the concepts are really “accessible”.    François Doyon La Rochelle: I like your choice of the word “Accessible” because it is very empowering to know and really feel “I can do this!”.  So, James let's get into the meat of the eBook content. What are the Life Skills Early Savers need to develop?  James Parkyn: We cover seven Investing Life Skills.  The first Life Skill is Getting started. Investing in some Early Savers can be scary: “Where do I start? It is so complicated!” Even worse, some Early Savers may wonder “Why do I need to pay attention now? I have all my life ahead of me!” When you're starting, it's not easy to find the best route to achieving the financial goals you have set for yourself and your family. There are so many competing priorities to consider and only limited resources to commit to any one of them.  François Doyon La Rochelle: Adding to the challenge in today's wired world with the internet and social media ever present, Early Savers have way too much information at their fingertips and in fact, what they are seeking is real knowledge and practical information that they can use to get started and to help them on this new journey they are starting.  James Parkyn: I agree which is why we explain key concepts to help Early Savers take the first critical steps on their financial journey. And yes, Francois, we hope they will learn how to make good decisions and avoid major mistakes.  François Doyon La Rochelle:  Getting started is all about explaining the magic of compound interest.  Maybe you can explain to our listeners what compound interest is. James Parkyn: Compounding is no small thing. Albert Einstein is reputed to have called it the eighth wonder of the world. It's the interest on the interest you've already earned. In other words, compounding is the money you earn on your original investment, plus the money you earn on the returns already accumulated over time.  François Doyon La Rochelle:  There's another important reason for getting started early on your investing journey. You will be getting into the habit of saving while learning the principles of investing and building your confidence.  James Parkyn: Precisely!  When you have lived through many bear markets and as you know Francois, we have had four since 2000, then your experience as an Investor with a Long-Term Mindset you will be less likely to panic sell because you have a well-engineered diversified portfolio is that you will recover and go on to grow in value.  François Doyon La Rochelle:  What's a good way to get started?  James Parkyn: Early Savers should set up an automatic withdrawal from their bank account that goes directly to an investment account. That's called paying yourself first (before all your other expenses), and it works because you naturally adjust your spending to the amount of money you have on hand.  François Doyon La Rochelle: James let's discuss the second Life Skill Early Savers need to develop: Managing your Human Capital.  James Parkyn: Many people are unaware of their most valuable asset. It remains hidden in plain sight because it's taken for granted. What is this asset? Your potential to generate income over your lifetime. It's called your human capital and can be defined as the present value of all your future earnings. For most people, that works out to a huge number, especially if you're young. Your human capital is even more valuable because it's a hedge against inflation. Earnings tend to rise with the cost of living.  François Doyon La Rochelle: James the term “present value of all your future earnings” is jargon for many Listeners and Early Savers.    James Parkyn: Human capital is the present value of all future wages from working.  You can increase your human capital by continuing your education or going for on-the-job training.  Think of all your future expected earnings that you will take home as compensation up to the time you will retire from working.  Then, estimate what it would be worth as a lump sum of investment capital.  François Doyon La Rochelle: As it grows, you also need to protect your human capital in the same way you safeguard other important assets.  James Parkyn: If you're like most people, you'll be rich in human capital when you start out in your working life, but poor in financial capital. As you move through your career, your goal should be to convert your human capital into financial capital by earning, saving and making good investment decisions. Both forms of capital are important, give them both the attention they deserve.  François Doyon La Rochelle: When you add into the mix the compound return on both Human and Financial Capital that is how you get to financial independence however you may define it. James let's now discuss the third skill Early Savers need to develop: Cultivating an Investor Mindset.  James Parkyn: Many people approach investing as if it were a game of chance that can be won by placing bets on the latest hot stock or investment fad. Blackrock Asset Management surveyed in 2015, 51% of Canadians said at the time that they believe investing is like gambling.  While investing and gambling both involve risking money in hopes of realizing a financial gain, that's where the similarity ends. Investing – when done right – is about buying assets that have a positive expected return thanks to the income they pay and/or their long-term capital appreciation.  François Doyon La Rochelle: We have covered this concept in a past Podcast. The difference between Investing and Speculating sometimes is a question of perspective and timeline.  Speculation often means you expect short-term easy gains. This is a question that challenges even us professionals.  James Parkyn: I agree.  But for Early Savers, the Life Skill to develop is patiently sticking to a broadly diversified portfolio that reflects their risk tolerance and accepting that it may not produce the excitement of trying to hit the jackpot on a hot stock or a cryptocurrency. But they shouldn't be investing for thrills. Your aim should be to achieve your long-term goals, and that's not something to gamble on.  I have heard the expression it is ok to lose money when you are young you can make it up later in life.  I hate that and tell Early Savers to beware as if you look at the loss based on the effect of compounding over multiple decades of your lifespan then the loss is massively larger.  François Doyon La Rochelle: Next up is the fourth Life Skill Early Savers need to develop: Keeping Your Eye on the Long Term.  What is your message about this Life Skill?  James Parkyn: Successful investors make consistent, smart money decisions and stick with them through market ups and downs over a period of decades. That requires discipline, an essential skill to learn early in your investing life. Develop your Plan and stick to it.  François Doyon La Rochelle: This is about not falling prey to the noise in the financial media and trading based on short-term capital market events and economic news. We have talked often on our Podcast about avoiding “market timing”.  Researchers have found it's one of the worst wealth-destroying mistakes you can make. A sharp downturn in the markets can be particularly difficult for some people to stomach. They talk themselves into the idea that they can pull out now and get back in when things get better.  James Parkyn: However, trying to time the market presents at least two problems.  First, if you sell now, when will you know it's safe to buy back into the market? Second, you risk missing out on gains while you're on the sidelines and that can have a huge impact on your long-term returns. While it can be challenging, the best investment strategy – as supported by decades of academic research – is to hold a portfolio of broadly diversified, passively managed investments through good times and bad. Why passively managed? Because research clearly shows that most active fund managers underperform their index benchmark in any given year.  François Doyon La Rochelle: The fifth Life Skill Early Savers need to develop: Understanding Human Biases.  James, what do you say to Early savers about the psychological aspects of Investing?  James Parkyn: I tell them they need to understand how their basic human instincts can cause them to make poor financial decisions.  We all fall prey to mental and emotional biases that can lead to serious investing errors.   François Doyon La Rochelle: To control the influence of mental and emotional biases, you must first be aware of them and then guide yourself back to rational thinking and good decision-making processes. What are some of the key biases?  James Parkyn: Behavioral economics has been a huge growth area with two major Nobel Prizes being awarded to academics for their work in the past 20 years or so. There is an amazing amount of research that deals with Behavioral biases. I highlight the top 4 that I believe Early Savers should watch out for in your thinking about investments.   Recency Bias: This is the tendency to give greater importance to events that have occurred in the recent past. Recency bias can cause you to depart from your investment plan to jump on a hot market trend or sell during a market downturn.  Over-Confidence: It's common for people to develop unwarranted confidence in their abilities, including their ability to make exceptional profits in financial markets. Overconfidence can lead investors to make risky bets based on a misguided belief in their ability to predict the future.  Confirmation Bias: This occurs when investors seek out information that confirms their point of view and discount divergent opinions.  Loss Aversion: Behavioral finance researchers have determined that people feel the pain of a loss about twice as strong as the pleasure they get from an equivalent gain. Loss aversion is another bias that can distort your decision-making by causing you to prioritize avoiding losses over earning gains.  François Doyon La Rochelle: Good investment advice and processes such as annual portfolio reviews, automatic contributions, and periodic portfolio rebalancing can help Early Savers keep their emotions in check and keep them on track with their Long-Term Investment plan. The sixth Life Skill Early Savers need to develop: Diversifying to Reduce Your Risk.  This is another topic we address often on our Podcast.  What is the message of this Life Skill?  James Parkyn: Diversifying your portfolio by holding many investments in different markets is a fundamental strategy for successful investing. Noble Prize-winning economist Harry Markowitz famously described it as “the only free lunch in finance.”   François Doyon La Rochelle: Markowitz demonstrated that when you combine assets that perform differently over time you lower the overall riskiness of your portfolio without reducing expected returns.  James Parkyn: It comes down to not putting all your eggs in one basket. When you own just a few stocks, the failure of any one of those companies can lead to a permanent loss of your savings. But when you own many stocks—ideally all of them in a given market— the poor performance of some will be offset by the better performance of others.  François Doyon La Rochelle: A word of caution: This doesn't mean you will never lose, but your gains and losses will reflect those of the overall market. You've removed what's known as unsystematic risk – the risk unique to a specific company or industry.  James Parkyn: The same principle applies to holding different asset types such as stocks, bonds, and real estate. Each produces different returns in any given period and by combining them in a portfolio you reduce its riskiness.  François Doyon La Rochelle: It may come as a surprise, but research shows that many investors hold woefully under-diversified portfolios.  James Parkyn: Fortunately, Early Savers can avoid this basic investing error by owning passively managed funds that allow you to broadly diversify at a very low cost.  François Doyon La Rochelle: The seventh and last Life Skill Early Savers need to develop: Controlling Your Emotions. James, how is this Life Skill different compared to learning about Human cognitive biases?  James Parkyn: Great Question Francois.  As you said earlier, here is the message I want to convey is to pay attention to how you react emotionally to market volatility.  Among the most important of these is to tune out media noise about the day-to-day movements in the markets and focus instead on your long-term Investment plan. It should have asset allocation targets that reflect your objectives and risk tolerance. As markets move up or down, you periodically rebalance your portfolio back to your target asset allocations and keep your faith that the process works overtime.  François Doyon La Rochelle: As we have stated before, The Financial Services industry and the Financial Media promote active management which pushes us to do a lot of trading.  Think of all the industry advertising showing someone in front of a trading screen of stock quotes. Unfortunately, many Investors equate trading with adding value.  James Parkyn: I have a great quote from a longtime collaborator of Warrant Buffett, Louis Simpson, who oversaw investments at Berkshire Hathaway's giant GEICO insurance subsidiary.  He once said: “We do a lot of thinking and not a lot of acting. A lot of investors do a lot of acting and not a lot of thinking.”  For me, this, in a nutshell, reflects how we manage our clients' money and how we are different from most of the financial services industry. We buy very carefully; we hold and defer tax and rebalance when it makes sense to do so. We do this all while sticking to the Clients' well-thought-out plans.   François Doyon La Rochelle: I love this quote too.  Louis A. Simpson was one of Warren Buffett's favorite fund managers and a one-time potential successor.  He was much lesser known than Buffett or Charlie Munger.  Sadly, he passed away at the beginning of 2022 at age 85.  We should point out to our Listeners that by acting a lot he means trading a lot. So now, let's get back to the Investing Life Skill of Controlling Your Emotions.  When markets go up it's relatively easy to keep your emotions in check for most investors when your portfolio goes up every day.  James Parkyn: Down markets are a fact of life when you invest. Taking a controlled amount of risk is what allows you to earn returns and build your wealth. However, falling markets can create anxiety and pressure to act which can feel overwhelming at times. This is when investors must control their emotions to avoid making errors that will lead to a permanent loss of capital.  François Doyon La Rochelle: All Investors must guard against the fact their thoughts can deceive them. You may think you're making rational decisions when in fact your actions are being driven by fear. That's why you should prepare yourself for market downturns by striving to recognize when you're feeling under stress and cultivating strategies to deal with unhealthy emotions. James, you also provide recommendations for Books.  What do you recommend?  James Parkyn: First, I recommend that the Early Savers read our eBook “7 Deadly Sins of Investing” that we published in 2021. It is in some ways a companion piece to this new eBook.     I also recommend two must-reads for Early Savers who want to develop a deeper level of knowledge:  The Psychology of Money by Morgan Housel: This is a very popular book and it is very useful to both Professional Investors and Individuals. award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.  Think, Act, and Invest Like Warren Buffett by Larry E. Swedroe Think, act and invest like the best investor out there: Warren Buffett. While you can't invest exactly like he does, Think, Act, and Invest Like Warren Buffett provides a solid, sensible investing approach based on Buffett's advice regarding investment strategies.  François Doyon La Rochelle: James, you also provide recommendations for Books for Parents. What Books do you recommend for them?  James Parkyn: I recommend two very good but different books:  It Makes Total Cents by Tom Henske. He is an American author. Some material in this book is specific to Americans Investors and reflects US tax laws. It Makes Total Cents (spelled with a “c” as a play on words) is a short, easy-to-read bite-size guide to help parents. This concise book is meant to be read a chapter per month covering the 12 most important money topics that a child should understand before going to university or college.  The Wisest Investment by Robin Taub. She is a Canadian and her book is about teaching your kids to be responsible, independent, and money smart. Robin Taub lays out a roadmap for teaching your kids about money.  Financial literacy has been a long-ignored subject and the result has been generation after generation entering adulthood without a grasp of money basics. This eventually leads to unnecessary stress in adulthood and ultimately causes stress leading to health issues.  François Doyon La Rochelle: James, you also provide recommendations for Books for Parents. What Books do you recommend for them?    Conclusion:   François Doyon La Rochelle: So, this is it for today's podcast Investing Life Skills for Early savers. Thank you, James Parkyn for sharing your expertise and your knowledge.   James Parkyn: You are welcome, Francois.  François Doyon La Rochelle: That's it for episode #54 of Capital Topics!  Do not forget, if you would like to submit questions or suggestions for the show, please email us at: capitaltopics@pwlcapital.com  Also, if you like our podcast, please share it when with family and friends and if you have not subscribed to it, please do.  Again, thank you for tuning in and please join us for our next episode to be released on August 2nd.   See you soon!   

Dans cet épisode, James Parkyn et François Doyon La Rochelle passent en revue le dernier livret électronique écrit par James Parkyn intitulé Compétences en matière d'investissement pour les jeunes épargnants.  Ce livret électronique est disponible sur le site Web de Sujet Capital et dans la section de notre équipe sur le site Web de PWL Capital. Il fournit d'importantes connaissances pratiques qui aideront les jeunes épargnants à prendre les bonnes décisions financières.    Livret électronique: https://www.pwlcapital.com/fr/?p=17970   Lire le script :  Introduction :  François Doyon La Rochelle: Bienvenue à Sujet Capital, un Balado mensuel à propos de la gestion passive de portefeuille et de la planification financière et fiscale pour les investisseurs à long terme.  Vos hôtes pour ce Balado sont James Parkyn et moi-même François Doyon La Rochelle, tous deux gestionnaires de portefeuilles avec PWL Capital.  Au programme aujourd'hui pour l'épisode #54 :  Dans cet épisode, nous passerons en revue le dernier livret électronique écrit par James intitulé - Compétences en matière d'investissement pour les jeunes épargnants.   Bonne écoute !    Compétences en matière d'investissement pour les jeunes épargnants :  François Doyon La Rochelle : Dans le podcast d'aujourd'hui, on va aborder un seul sujet, on va discuter du dernier livret électronique que tu as écrit James qui est intitulé Compétences en matière d'investissement pour les jeunes épargnants. Ce livret est disponible sur notre site Sujet Capital et aussi sur la page de notre équipe au sein du site PWL Capital. Il fait partie d'un effort important dans notre équipe car on a pris une décision stratégique il y a quelques années pour ajouter des clients de la nouvelle génération à notre pratique, ce qui inclut les enfants de nos clients actuels.  James Parkyn : Oui, effectivement, il s'agit d'un gros mandat, car ces jeunes clients en sont, pour plusieurs, seulement aux premiers stades de l'apprentissage de l'épargne et de l'investissement.  Pour d'autres, on voit que leur réflexion et leur expérience sont étonnamment avancées.  Dans le cas des enfants de nos clients, les parents sont en fait très heureux que nous entreprenions cette initiative.  Pour eux, ça fait partie des valeurs familiales de les aider à développer ce qu'ils considèrent comme une compétence essentielle pour la suite de leur vie.  Beaucoup d'entre eux réalisent également qu'ils auraient aimé commencer beaucoup plus tôt.  François Doyon La Rochelle : Pour nos auditeurs, il s'agit d'un livret électronique, donc relativement court (28 pages), avec beaucoup d'images et d'illustrations graphiques, qui se veut facile à lire et sans trop de jargon.  James, quel est le message principal que tu veux essayer de faire passer aux jeunes épargnants ?  James Parkyn : Mon message principal porte sur l'importance de commencer tôt.  C'est une compétence qui vous servira sur tout au long de votre vie et vous donnera la confiance nécessaire pour prendre des décisions financières intelligentes. Pour que les choses soient claires pour nos auditeurs, nous entendons par "compétences pour la vie" les compétences dont vous avez besoin pour tirer le meilleur parti de la vie. Toute compétence utile dans la vie peut être considérée comme une compétence de vie. Les jeunes épargnants doivent en faire une priorité.  François Doyon La Rochelle : James tu as eu de nombreuses rencontres avec des jeunes épargnants au cours des dernières années, qu'est-ce que tu as appris ?  James Parkyn : Tout d'abord, je devais connecter avec eux, et j'ai donc décidé d'entamer la conversation en partant du point de vue "Start with Why" (Commencez par le pourquoi).  L'idée de « Start with the Why » vient de l'auteur Simon Sinek, qui a écrit un livret bien connu sur le sujet.  François Doyon La Rochelle : Qu'est-ce qui résonne avec eux ? Comment fais-tu pour les intéresser ?    James Parkyn : J'aime toujours raconter des anecdotes sur la musique.  Je mentionne la chanson "Time" de Pink Floyd, tirée de l'album phare "Dark Side of the Moon" publié au début des années 1970.  François Doyon La Rochelle : Un classique, mais c'est surtout de la musique de la génération de leurs parents.  Il y a aussi une autre chanson sur cet album qui s'appelle "Money", mais les paroles sont surtout politiques.  James Parkyn : À ma grande surprise, beaucoup de jeune connaissent Pink Floyd et la chanson.  Ce que j'aime vraiment dans les paroles de la chanson "Time", c'est qu'elles transmettent un message clé sur l'importance de commencer tôt.  Je soupçonne le groupe de ne pas s'en être rendu compte lorsqu'il a écrit ces paroles, mais d'une manière ou d'une autre, ils ont relayé un message fondamental pour les jeunes épargnants.  François Doyon La Rochelle : C'est quoi le message, qu'est-ce que les paroles disent ?   James Parkyn : Traduction libre ici des paroles. "Faire défiler les moments qui composent une journée ennuyeuse.  Gâcher les heures avec désinvolture. Se trainer sur un bout de terrain dans sa ville natale. Attendre que quelqu'un ou quelque chose vous montre le chemin. Fatigué de se prélasser au soleil, rester à la maison pour regarder la pluie. Vous êtes jeune, la vie est longue et vous avez du temps à tuer aujourd'hui.  Et puis un jour, vous vous apercevez que dix ans se sont écoulés derrière vous. Personne ne vous a dit quand courir, vous avez raté le coup de départ".  François Doyon La Rochelle : C'est incroyable à quel point le message est pertinent pour notre sujet.  Ce nouveau livret électronique a pour but d'aider les jeunes épargnants à comprendre l'importance de commencer dès maintenant.  Il n'y aura personne pour donner le départ, pour vous dire de commencer à apprendre et à investir.  James Parkyn : Exactement François. Pour moi, c'est une vraie joie de voir la lumière s'allumer, de voir que les jeunes réalisent que les concepts sur l'investissement que j'apporte sont vraiment "accessibles".  François Doyon La Rochelle : J'aime ton choix du mot "accessible" parce que c'est très stimulant pour les jeunes de savoir et de sentir qu'ils peuvent y arriver. James, entrons dans le vif du sujet.  Quelles sont les compétences que les jeunes épargnants doivent développer ?  James Parkyn : On couvre sept compétences en matière d'investissement.  La première compétence est "Point de départ".  Pour certains jeunes épargnants, l'investissement peut être effrayant : "Par où commencer ?  C'est tellement compliqué !"  Pire encore, certains jeunes épargnants peuvent se demander : "Pourquoi dois-je y porter attention maintenant ?  J'ai toute la vie devant moi !"  Lorsqu'on débute, ce n'est pas facile de trouver le meilleur moyen d'atteindre les objectifs financiers que l'on s'est fixés pour soi et pour sa famille.  Il y a tant de priorités concurrentes à prendre en compte et les ressources à consacrer à l'une d'entre elles sont limitées.  François Doyon La Rochelle : Je pense que les jeunes épargnants ont beaucoup trop d'informations à leur disposition dans le monde branché d'aujourd'hui, avec Internet et les médias sociaux qui sont omniprésents. En fait, je pense que ce dont ils ont besoin ce sont des connaissances réelles et des informations pratiques qu'ils peuvent utiliser pour démarrer et les aider dans ce nouveau voyage qu'ils commencent.  James Parkyn : Je suis d'accord et c'est pourquoi on explique les concepts clés pour aider les jeunes épargnants à franchir les premières étapes critiques de leur parcours financier. Eh oui, François, on espère qu'ils apprendront à prendre les bonnes décisions et à éviter de faire des erreurs majeures.  François Doyon La Rochelle : Dans la partie, pour commencer, tu expliques, James, la magie des intérêts composés.  Peut-être que tu pourrais l'expliquer à nos auditeurs, c'est quoi les intérêts composés ?  James Parkyn : Le concept des intérêts composés n'est pas une mince affaire. Albert Einstein l'a qualifié de huitième merveille du monde. C'est l'intérêt sur l'intérêt que vous avez déjà gagné. En d'autres termes, la capitalisation est l'argent que vous gagnez sur votre investissement initial, plus l'argent que vous gagnez sur les rendements déjà accumulés au fil du temps.  François Doyon La Rochelle : Une autre raison importante qui justifie de commencer tôt votre parcours d'investisseur, c'est de prendre l'habitude d'épargner tout en apprenant les principes de base l'investissement et en renforçant votre confiance.  James Parkyn : Précisément !  Lorsqu'on traverse de nombreux marchés baissiers, et comme tu le sais, François, on en a connu quatre depuis 2000, l'expérience acquise en tant qu'investisseur avec une mentalité à long terme  fait en sorte que nous sommes moins enclin à vendre en panique. On apprend qu'un portefeuille diversifié et bien conçu va se rétablir et continuer à augmenter de valeur une fois la crise passé.  François Doyon La Rochelle : Avec ton expérience James c'est quoi la meilleure façon de commencer ?  James Parkyn : Les jeunes épargnants devraient mettre en place un retrait automatique de leur compte bancaire qui va directement dans un compte d'investissement. C'est ce qu'on appelle se payer en premier (avant toutes les autres dépenses), et ça fonctionne parce que vous adaptez naturellement vos dépenses au montant d'argent dont vous disposez après votre épargne.  François Doyon La Rochelle : James pourrais-tu nous parler de la deuxième compétence que les jeunes épargnants doivent acquérir : Tu l'as appelé, gérer son capital humain.  James Parkyn : De nombreuses personnes ne sont pas conscientes de leur actif le plus précieux. Il reste caché à la vue de tous parce qu'il est considéré comme acquis. Quel est cet actif ? C'est votre potentiel à générer des revenus tout au long de votre vie. Il s'agit de votre capital humain, que l'on peut définir comme la valeur actuelle de tous vos revenus futurs. Pour la plupart des gens, ça représente un chiffre énorme, surtout s'ils sont jeunes. Votre capital humain est d'autant plus précieux parce qu'il constitue une protection contre l'inflation. Ce que je veux dire par ça c'est que les revenus ont tendance à augmenter avec le coût de la vie.  François Doyon La Rochelle : James, pourrais-tu expliquer ce qu'est la "valeur actuelle de tous vos revenus futurs". Je pense que c'est un peu du jargon pour nos auditeurs et les jeunes épargnants.  James Parkyn : Le capital humain est la valeur actuelle de tous les salaires futurs provenant du travail.  Vous pouvez augmenter votre capital humain en poursuivant vos études ou en suivant une formation en cours d'emploi.  Pensez à tous les revenus futurs que vous percevrez en tant que rémunération jusqu'au moment où vous prendrez votre retraite et ensuite estimé ce que ça vaudrait comme somme forfaitaire pour du capital à investir.  François Doyon La Rochelle : Au fur et à mesure qu'il se développe, vous devez également protéger votre capital humain de la même manière que vous protégez d'autres actifs importants. Comme une automobile ou une assurance habitation.   James Parkyn : Si vous êtes comme la plupart des gens, vous serez riche en capital humain au début de votre vie professionnelle, mais pauvre en capital financier. Au cours de votre carrière, votre objectif devrait être de convertir votre capital humain en capital financier en gagnant de l'argent, en épargnant et en prenant de bonnes décisions en matière d'investissement. Les deux formes de capital sont importantes, accordez-leur l'attention qu'elles méritent.  François Doyon La Rochelle : Si l'on ajoute à ça le rendement composé du capital humain et financier, c'est ainsi que l'on parvient à l'indépendance financière, quelle que soit votre définition personnelle. James, parlons maintenant de la troisième compétence que les jeunes épargnants doivent développer : Cultiver un état d'esprit d'investisseur.  James Parkyn : De nombreuses personnes abordent l'investissement comme s'il s'agissait d'un jeu d'hasard, que l'on peut gagner en pariant sur le dernier titre à la mode ou la dernière tendance en matière d'investissement.  Blackrock Asset Management a mené une enquête en 2015, et 51 % des Canadiens ont déclaré à l'époque qu'ils pensaient que l'investissement pour eux ressemblait à un jeu de hasard.  Même si l'investissement et les jeux de hasard impliquent tous deux de risquer de l'argent dans l'espoir de réaliser un gain financier, la similitude s'arrête là. L'investissement - lorsqu'il est bien fait - consiste à acheter des actifs dont le rendement attendu est positif grâce aux revenus qu'ils génèrent et/ou à l'appréciation du capital à long terme.  François Doyon La Rochelle : Nous avons abordé ce concept dans un podcast précédent.  La différence entre investir et spéculer est parfois une question de perspective et de temps.  La spéculation signifie souvent que l'on s'attend à des gains faciles à court terme.  C'est quelque chose qui nous interpelle même nous les professionnels.  James Parkyn : Je suis d'accord François. Mais pour les jeunes épargnants, le savoir-faire à développer est de s'en tenir patiemment à un portefeuille largement diversifié qui reflète leur tolérance au risque et d'accepter que cette philosophie d'investissement ne produise peut-être pas l'excitation de toucher le jackpot sur une action ou une crypto-monnaie à la mode. Ils ne devraient pas investir pour des sensations fortes. Votre but devrait être d'atteindre vos objectifs financiers à long terme, et ce n'est pas quelque chose avec lequel il faut jouer.  J'ai déjà entendu dire qu'il n'était pas grave de perdre de l'argent quand on est jeune, car on peut se rattraper plus tard dans la vie.  Je déteste cette façon de penser et je dis aux jeunes épargnants d'y penser à deux fois, car si l'on prend en compte l'effet de la capitalisation sur plusieurs décennies de l'argent perdu, la perte est beaucoup plus importante.  François Doyon La Rochelle : On poursuit avec la quatrième compétence que les jeunes épargnants doivent acquérir : Garder le cap sur le long terme.  James, c'est quoi ton message ?   James Parkyn : Les investisseurs qui réussissent prennent des décisions financières cohérentes et intelligentes et s'y tiennent malgré les hauts et les bas du marché sur une période de plusieurs dizaines d'années. Cela exige de la discipline, une compétence essentielle à acquérir dès le début de votre vie d'investisseur.  Élaborez votre plan d'investissement et respectez-le.  François Doyon La Rochelle : Donc Il s'agit de ne pas se laisser piéger par le bruit des médias et de ne pas faire des transactions en fonction des événements à court terme sur les marchés financiers et des nouvelles économiques.  On a parlé souvent dans notre podcast de la nécessité d'éviter le "market timing".  Les académiciens ont déterminé que c'est une des pires erreurs qu'on peut faire pour détruire son patrimoine. Une forte baisse des marchés peut être particulièrement difficile à digérer pour certaines personnes. Ils se persuadent qu'ils peuvent sortir du marché maintenant et y revenir quand les choses iront mieux.   James Parkyn : Cependant, essayer de prévoir le marché pose au moins deux problèmes.  Premièrement, si vous vendez maintenant, quand saurez-vous qu'il est sûr de revenir sur le marché ? Deuxièmement, si vous vendez, vous risquez de rater des gains pendant que vous êtes sur la touche, ce qui peut avoir un impact considérable sur vos rendements à long terme. Bien que ça peut être difficile, la meilleure stratégie d'investissement, est de détenir un portefeuille d'investissements largement diversifiés et gérés passivement, dans les bons comme dans les mauvais moments. Pourquoi une gestion passive ? Parce que la recherche montre clairement que la plupart des gestionnaires de fonds actifs sous-performent leur indice de référence au cours d'une année donnée.  François Doyon La Rochelle : La cinquième compétence à acquérir est de : Comprendre les biais comportementaux. James, qu'est-ce que tu dis aux jeunes épargnants sur les aspects psychologiques de l'investissement ?  James Parkyn : Je leur dis qu'ils doivent comprendre comment leurs instincts humains fondamentaux peuvent les amener à prendre de mauvaises décisions financières.  Nous sommes tous la proie de biais comportementaux et émotionnels qui peuvent nous conduire à de graves erreurs d'investissement.  François Doyon La Rochelle : Pour contrôler l'influence des biais comportementaux et émotionnels, il faut d'abord en être conscient, puis revenir à une pensée rationnelle et à de bons processus de prise de décision. Quels sont les principaux biais ?  James Parkyn : La finance comportementale est un domaine en plein essor, deux prix Nobel ont été décernés à des académiques pour leurs travaux dans ce domaine au cours des 20 dernières années.  Il existe une quantité étonnante de recherches sur les biais comportementaux.  Je mets en évidence les quatre principaux biais sur lesquels les jeunes épargnants devraient, selon moi, porter leur attention. Vous devrez vous protéger contre ces biais et d'autres biais cognitifs et émotionnels tout au long de votre vie d'investisseur.  Biais de récurrence : Il s'agit de la tendance à accorder plus d'importance aux événements qui se sont produits dans un passé récent. Le biais de récence peut vous amener à vous écarter de votre plan d'investissement pour profiter d'une tendance haussière du marché ou pour vendre lors d'un repli du marché.  L'excès de confiance : Il est fréquent que les gens développent une confiance injustifiée en leurs propres capacités, y compris en leur capacité à réaliser des profits exceptionnels sur les marchés financiers. L'excès de confiance peut conduire les investisseurs à faire des paris risqués sur la base d'une croyance erronée en leur capacité à prédire l'avenir.  Biais de confirmation : Cela se produit lorsque les investisseurs recherchent des informations qui confirment leur point de vue et négligent les opinions divergentes.  L'aversion aux pertes : Les chercheurs en finance comportementale ont déterminé que les gens ressentent la douleur d'une perte environ deux fois plus fortement que le plaisir qu'ils retirent d'un gain équivalent. L'aversion pour les pertes est un autre biais qui peut fausser votre prise de décision en vous amenant à privilégier l'évitement des pertes par rapport aux gains.    François Doyon La Rochelle : Des bons conseils en matière d'investissement et des bonnes habitudes tels que l'examen annuel du portefeuille, les cotisations automatiques et le rééquilibrage périodique du portefeuille peuvent vous aider à maîtriser vos émotions et à maintenir votre plan d'investissement sur la bonne voie.  James Parkyn : Diversifier son portefeuille en détenant un grand nombre d'investissements sur différents marchés est une stratégie fondamentale pour investir avec succès. L'économiste Harry Markowitz, lauréat du prix Nobel, l'a fameusement décrite comme "le seul repas gratuit en finance" ou « The only free lunch in finance »  François Doyon La Rochelle : Effectivement, Markowitz a démontré qu'en combinant des actifs qui performent différemment au fil du temps, vous réduisez le risque global de votre portefeuille sans réduire les rendements attendus.  James Parkyn : Il s'agit de ne pas mettre tous ses œufs dans le même panier. Lorsque vous ne possédez que quelques actions de compagnies dans votre portefeuille, la faillite d'une de ces compagnies peut entraîner une perte permanente de votre épargne. Alors que si vous possédez de nombreux titres - idéalement toutes les actions d'un marché donné - les mauvaises performances de certaines seront compensées par les meilleures performances des autres.  François Doyon La Rochelle : Une petite mise en garde, Ça ne veut pas dire que vous ne perdrez jamais, mais que vos gains et vos pertes reflèteront celles du marché dans son ensemble. Vous avez éliminé ce que l'on appelle le risque non systématique, c'est-à-dire le risque propre à une entreprise, une compagnie, ou à un secteur spécifique.  James Parkyn : Le même principe s'applique à la détention de différents types d'actifs tels que les actions, les obligations et l'immobilier. Chacun d'entre eux produit des rendements différents au cours d'une période donnée et en les combinant dans un portefeuille, vous en réduisez le risque.  François Doyon La Rochelle : Ça peut surprendre, mais les études démontrent que de nombreux investisseurs détiennent encore des portefeuilles terriblement sous-diversifiés.   James Parkyn : Heureusement, les jeunes épargnants peuvent éviter de faire cette erreur fondamentale en achetant simplement des fonds gérés passivement qui permettent une large diversification à un coût très faible.  François Doyon La Rochelle : La septième et dernière compétence que les jeunes épargnants doivent acquérir est celle de : Contrôler ses émotions. C'est quoi la différence entre cette compétence et l'apprentissage des biais comportementaux ?  James Parkyn : Excellente question, Francois.  Le message que je veux faire passer ici encore une fois est qu'il faut faire attention à la façon dont on réagit émotionnellement à la volatilité des marchés.  L'une des mesures les plus importantes est d'ignorer le bruit des médias concernant les mouvements quotidiens des marchés et de se concentrer plutôt sur un plan financier à long terme. Ce plan doit prévoir une répartition des actifs en fonction de vos objectifs et de votre tolérance au risque. Lorsque les marchés évoluent à la hausse ou à la baisse, vous rééquilibrez périodiquement votre portefeuille en fonction de votre allocation d'actifs cible et vous restez confiant dans le fait que le processus fonctionne à long terme.  François Doyon La Rochelle : Comme on l'a déjà dit, le secteur des services financiers et les médias financiers encouragent la gestion active, ce qui nous pousse à faire beaucoup de transactions.  Pensez à toutes les publicités du secteur montrant une personne devant un écran avec des côtes boursière et des graphiques. Malheureusement, de nombreux investisseurs associent faire des transactions à la création de valeur.  James Parkyn : J'ai une excellente citation d'un collaborateur de longue date de Warrant Buffett, Louis Simpson, qui supervisait les investissements de la gigantesque filiale d'assurance GEICO de Berkshire Hathaway.  Il a dit un jour : "Nous réfléchissons plus que nous n'agissons. Un grand nombre d'investisseurs agissent beaucoup et ne réfléchissent pas beaucoup".  Pour moi, cette phrase reflète la façon dont nous gérons l'argent de nos clients et ce qui nous différencie de la plupart des acteurs du secteur des services financiers.  Nous achetons avec beaucoup de soin, nous conservons et différons les impôts et nous rééquilibrons lorsque c'est pertinent.  Nous faisons tout ça en respectant le plan d'investissement bien conçu de nos clients.  François Doyon La Rochelle : J'aime aussi cette citation.  Louis A. Simpson était l'un des gestionnaires de fonds préférés de Warren Buffett et, à un moment donné, un successeur potentiel.  Il était beaucoup moins connu que Buffett ou Charlie Munger.  Malheureusement, il est décédé au début de l'année 2022 à l'âge de 85 ans.  Je devrai préciser ici pour nos auditeurs qu'en agissant beaucoup, il voulait dire en négociant beaucoup.    Revenons maintenant à nos moutons.  Lorsque les marchés sont à la hausse, il est relativement facile de contrôler vos émotions pour la plupart des investisseurs qui voit leurs portefeuilles prendre de la valeur de jour en jour.   James Parkyn : Les marchés baissiers font partie de la vie d'un investisseur. C'est en prenant des risques contrôlés que l'on obtient des rendements et que l'on construit son patrimoine. Cependant, les marchés baissiers peuvent créer de l'anxiété et une pression à agir qui peut parfois sembler insurmontable. C'est à ce moment-là que les investisseurs doivent contrôler leurs émotions car c'est là qu'ils commettent le plus souvent des erreurs qui entraînent une perte permanente de capital.  François Doyon La Rochelle : Vos pensées peuvent être trompeuses. Vous pouvez croire que vous prenez des décisions rationnelles alors qu'en réalité vos actions sont motivées par la peur. C'est pourquoi vous devez vous préparer aux baisses des marchés en vous efforçant de reconnaître les moments où vous vous sentez stressé pour que vous puissiez ensuite gérer vos émotions.  James, tu recommande également des livres.  Quels livres recommandes-tu ?  James Parkyn : Tout d'abord, je recommande aux jeunes épargnants de lire notre livret électronique " les 7 péchés capitaux de l'investissement" que nous avons publié en 2021. Il s'agit en quelque sorte d'un complément à ce nouveau livret électronique.     Je recommande également aux jeunes épargnants qui souhaitent approfondir leurs connaissances de lire deux ouvrages incontournables :  The Psychology of Money (La psychologie de l'argent) par Morgan Housel : L'auteur primé Morgan Housel présente 19 histoires courtes explorant les étranges façons dont les gens pensent à l'argent et vous apprend à mieux comprendre l'un des sujets les plus importants de la vie.  Think, Act, and Invest Like Warren Buffett (Pensez, agissez et investissez comme Warren Buffett) par Larry E. Swedroe : Warren Buffett. Bien qu'il soit impossible d'investir exactement comme lui, Think, Act, and Invest Like Warren Buffett propose une approche d'investissement solide et sensée, basée sur les conseils de Buffett en matière de stratégies d'investissement.  François Doyon La Rochelle : James, quels livres recommandes-tu recommande pour les parents ?  James Parkyn : Je recommande deux livres différents mais tout aussi bons :  It Makes Total Cents de Tom Henske. Il s'agit d'un auteur américain.  Certains éléments de ce livre sont spécifiques aux investisseurs américains et reflètent les lois fiscales américaines. It Makes Total Cents (épelé avec un "c" pour faire un jeu de mots avec le mot sense) est un guide court et facile à lire pour aider les parents. Ce livre concis est conçu pour être lu à raison d'un chapitre par mois et couvre les 12 sujets financiers les plus importants qu'un enfant doit comprendre avant d'entrer à l'université ou au collège.  The Wisest Investment de Robin Taub. Elle est canadienne et son livre vise à enseigner à vos enfants à être responsables, indépendants et intelligents en matière d'argent.  Robin Taub propose une feuille de route pour enseigner l'argent à vos enfants.  L'éducation financière a longtemps été un sujet ignoré et il en résulte que, génération après génération, les enfants entrent dans l'âge adulte sans maîtriser les bases de l'argent. Cela conduit à un stress inutile à l'âge adulte et, en fin de compte, à des problèmes de santé.    Conclusion :  François Doyon La Rochelle : Voilà pour le podcast d'aujourd'hui intitulé Compétences en matière d'investissement pour les jeunes épargnants. Merci James Parkyn d'avoir partagé ton expertise et ton savoir.  James Parkyn : il m'a fait plaisir Francois.  François Doyon La Rochelle : Hé bien c'est tout pour ce 54ième épisode de Sujet Capital !  Nous espérons que vous avez aimé.  N'hésitez pas à nous envoyer vos questions et suggestions. Vous pouvez nous joindre par courriel à: sujetcapital@pwlcapital.com  De plus, si vous aimez notre podcast, partagez-le avec votre famille et vos amis et si vous n'y êtes pas abonné, faites-le SVP.  Encore une fois, merci d'être à l'écoute et joignez-vous à nous pour notre prochain épisode qui sortira le 2 aout.  A bientôt!   

Rebecca Hotsko chats with Michelle Marki, who is a certified Project Management Professional (PMP), and Signe Lonholdt, who is an executive at LEGO Group. They talk about the most important lessons from studying Superinvestors like Warren Buffett and Charlie Munger, their thoughts on why having a margin of safety is key to their investment process much more!IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro05:10 - The most important lessons from studying Superinvestors like Warren Buffett and Charlie Munger. 05:10 - Why having a margin of safety is key to their investment process. 09:36 - The four principles of Warren Buffett's investing strategy. 13:14 - The different types of moats companies can have. 13:14 - How to assess whether a company has a sustainable moat. 33:42 - The key steps of valuing a company the Warren Buffett way. 33:42 - Why Buffett prefers to look at owners earnings as a valuation metric. 37:31 - What qualities and quantitative factors would indicate that a company has good management? 43:39 - How companies get on their radar.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESCheck out: Investing Mastermind Podcast.Check out Michelle's Youtube.Related Episode: Listen to MI222: How to Invest Like Warren Buffett w/ Robert Hagstrom, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Talk to your clients about Desjardins Responsible Investment today and support what's right for society and what's good for business.Let an expert do your taxes from start to finish so you can relax with TurboTax.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 90 years old is consistently ranked amongst the world's richest people, is arguably the most successful investor of the 20th century and has an estimated net worth of $107 Billion. This means, he's earned (on average) over $11 million each and every year of his life, which is thousands of times more than the average worker in Australia earns. Anyway… I think he'd be impressed with how I invest because there are some similarities in our investment philosophies. So in today's show, I'd like to look at some of Buffett's investment principles and see how we can apply them to our property investing. Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a range of my ebooks here: www.PodcastBonus.com.au  Shownotes plus more here: Why not invest like Warren Buffett?  

IN THIS EPISODE, YOU'LL LEARN: 02:06 - An overview of the market and the best and worst performing sectors during 2022. 03:42 - Investment theme 1: Are we in a new commodity bull cycle? 25:20 - Investment theme 2: How mean reversion impacts your returns. 33:15 - Investment theme 3: Two ways to become a better investor. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRelated Episode: The Acquirer's Multiple Strategy w/ Tobias Carlisle – MI241.Related Episode: Deep Dive Into Apple & Google w/ Logan Kane – MI239.Related Episode: A Guide to Winning Investment Strategy w/ Larry Swedroe – MI238.Related Episode: Investing in Uncertain Times w/ Louis Gave – MI235.Related Episode: How to Invest Like Warren Buffett w/ Robert Hagstrom – MI222.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Get personalized, expert advice that helps you see things clearly with ATB.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Save time and money on your rental property insurance with Steadily. Get a commitment-free quote today.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.Support our free podcast by supporting our sponsors.CONNECT WITH REBECCA: Twitter | Instagram Email: Rebecca@theinvestorspodcast.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we use the latest Berkshire Hathaway 13F to understand some basic principles in managing a stock portfolio. Buffett's buy-and-hold strategy has served him well but the latest filing shows he's moved further into tech, purchasing a $4.1bn stake in the Taiwanese chipmaker TSMC. Is this a new direction for the 92-year-old Oracle from Omaha?Elsewhere, we review the latest UK budget announcement and Piers explains why he thinks the Bank of England should stop hiking interest rates despite inflation hitting 11.1% this week.Finally, Donald Trump has announced he will run for the US presidency in 2024, vowing "America's comeback starts right now". But first, he'll have to win the Republican Party's nomination. We look at the process and the likelihood of success.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

Are index funds a menace to the market? Are pension funds still a wise way to secure your financial future? In this episode, we discuss index funds, the state-sponsored pension plan in Canada, and much more. First, we unpack the nuances of index funds and take a look at the impact that active and passive investors have on the market. We discuss current index fund trends, when to switch from a passive to an active investor, and the dreaded index fund tipping point. To help us understand pension funds, we also chat with Jordan Tarasoff, a financial planner at PWL Capital, about the recent controversy regarding state pension schemes in Canada, and he provides us with some valuable insights into the government's upcoming plan. We switch up our usual book review to celebrate Financial Literacy Month and share five recommended books that will help you improve your understanding of finance. We also try something new by giving listeners a condensed overview of a previous episode with one of our favourite guests, Scott Rieckens. Finally, we go through some of the feedback and comments we've received from the growing Rational Reminder community about the show and our recent financial goals survey.   Key Points From This Episode:   What to look forward to in next week's episode. (0:05:08) Hear about a special promotion to celebrate Financial Literacy Month. (0:05:43) Introducing today's topic and what to expect in the episode. (0:05:56) Worries and biggest critiques of index funds. (0:08:23) Current trends regarding index funds in relation to the market. (0:09:40) When investors should switch from passive to active. (0:12:45) Some good news about the index fund tipping point. (0:15:46) What investors should be aware of when actively investing. (0:16:32) How informed and misinformed managers contribute to the index fund tipping point. (0:19:38) Who the investors and managers are that change to passive investment. (0:20:52) How switching from active to passive investing affects the value of the market. (0:25:38) Unpacking the concept of markets being ‘inelastic' as a result of index funds. (0:28:52) Whether passive investing undermines price efficiency concerning index funds. (0:30:03) What would cause the index tipping point to occur. (0:31:40) A brief background on today's guest, Jordan Tarasoff. (0:35:00) Details about the Canada Pension Plan (CPP) and how it works. (0:35:28) Jordan outlines the benefits of deferring a pension plan claim. (0:36:28) Recent changes that make deferring your pension plan non-beneficial. (0:38:20) What age group the recent pension plan changes impact the most. (0:42:14) Why the Consumer Price Index (CPI) can't be used to predict wage growth. (0:43:53) How Jordan is approaching his clients' pensions regarding the new changes. (0:45:10) Review of our top five books for increasing financial literacy. (0:48:57) Our new segment: summarizing a past episode in sixty seconds. (0:56:57) We ‘talk cents' about financial values and spending. (0:58:49) Recent reviews and feedback received about the podcast and goals survey. (1:02:40)     Links From Today's Episode:   Jordan Tarasoff — https://www.pwlcapital.com/profile/jordan-tarasoff/ Scott Rieckens — http://www.scottrieckens.com/ Efficient Frontier — http://efficientfrontier.com/ef/0adhoc/2books.htm Episode 95: Scott Rieckens (Playing with FIRE): Finding Financial Education, Perspective, and Freedom — https://rationalreminder.ca/podcast/95 Episode 99: Andrew Hallam (Millionaire Teacher): How to be Wealthy (and Happy) — https://rationalreminder.ca/podcast/99 Episode 108: Dr. William Bernstein: Praying for a Bear Market — https://rationalreminder.ca/podcast/108 Episode 128: Morgan Housel: The Psychology of Money — https://rationalreminder.ca/podcast/128 Episode 159: Bill Schultheis: Build Wealth and Get on With Your Life — https://rationalreminder.ca/podcast/159 Episode 186: Andrew Hallam: Balancing Money, Relationships, Health, and Purpose — https://rationalreminder.ca/podcast/186 Episode 191: Emerging Markets: Diversifying Asset or a Reverse Lottery? (plus Reading Habits w/ Morgan Housel) — https://rationalreminder.ca/podcast/191 Episode 212: Prof. Ralph Koijen: Demand System Asset Pricing & Inelastic Markets — https://rationalreminder.ca/podcast/212 Episode 124: Prof. Lubos Pastor: Equilibrium Models vs. Intuition — https://rationalreminder.ca/podcast/124 Episode 220: Jonathan Berk and Jules van Binsbergen: The Arithmetic of Active Management, Revisited — https://rationalreminder.ca/podcast/220 ‘On the Size of the Active Management Industry' — https://www.jstor.org/stable/10.1086/667987 ‘Disagreement, tastes, and asset prices' — https://www.sciencedirect.com/science/article/abs/pii/S0304405X06001954 ‘Measuring skill in the mutual fund industry' — https://www.sciencedirect.com/science/article/abs/pii/S0304405X15000628 ‘Which Investors Matter for Equity Valuations and Expected Returns?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3378340 Balance: How to Invest and Spend for Happiness, Health, and Wealth — https://www.amazon.com/Balance-Invest-Happiness-Health-Wealth/dp/1774580756 If You Can: How Millennials Can Get Rich Slowly — https://www.amazon.com/If-You-Can-Millennials-Slowly/dp/098878033X The Coffeehouse Investor's Ground Rules — https://www.amazon.com/Coffeehouse-Investors-Ground-Rules-Happiness/dp/1119717086 The Psychology of Money — https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Think, Act, and Invest Like Warren Buffett — https://www.amazon.com/Think-Invest-Like-Warren-Buffett/ The November Meet-up Email — info@rationalreminder.ca Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/?hl=en Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

IN THIS EPISODE, YOU'LL LEARN: 04:55 - Robert's biggest learnings from studying Warren Buffett over the years. 23:55 - How to value businesses using Warren Buffett's method. 26:31 - What are some of Warren Buffett's biggest investment mistakes were and what we can learn from them. 38:52 - Why Robert believes growth stocks are the most mispriced part of the market right now. 46:12 - What is the difference between “old tech” and “new tech” stocks and which is more underpriced right now. 51:19 - Why a company's value has nothing to do with the price multiple it's trading at. 55:44 - What financial ratios and metrics Robert relies on most to determine whether a company is a good investment. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out EquityCompass.Robert's books: The Warren Buffett Portfolio, The Warren Buffett Way, Investing: The Last Liberal Art, Warren Buffett: Inside the Ultimate Money Mind.Related Episode: Investing Like Warren Buffett w/ Jake Taylor - MI123.Related Episode: Inside the Money of Warren Buffett w/ Robert Hagstrom - TIP360. NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSGet a FREE audiobook from Audible.Make backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Get up to 3% Daily Cash back on everything you buy with Apple Card. Subject to credit approval. Daily cash is available via an Apple Cash card or as a statement credit. See Apple Card customer agreement for terms and conditions. Apple Cash card is issued by Green Dot Bank, Member FDIC. Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.Support our free podcast by supporting our sponsors. Connect with Robert: Twitter |LinkedIn Connect with Rebecca: Twitter | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Warren Buffet doesn't invest in what's “hot” and what everybody talks about, but he has made more money than just about anybody. He doesn't rely on economic predictions either, but he does look at one thing that has allowed him to grow his investments to extremely impressive levels, and that's the people he's investing with.  Key Talking Points of the Episode [01:24] Invest with PreREO! [02:17] Who is Warren Buffet?  [03:02] How does Warren Buffet invest? [04:04] What did Warren Buffet have to say in this year's shareholders' meeting? [05:05] What should you know as an investor? [06:05] Does Warren Buffet invest in stocks? [09:33] Why is it important to know who you're investing with? [11:19] Should you gamble on high-risk investments? [12:52] Why should you be careful of your investments? [16:39] How can scarcity affect people's integrity? [17:49] Who are the people we vet for Money Ripples? [19:16] How can you make sure you're making good investments? Quotables “Say whatever you wanna say about Buffet, the truth is that when he comes to investing, he's a pretty wise guy.” “Many people, especially in the financial advising world will tell you that Warren Buffet invests just like them but the truth is, he does not.” “He says one of the reasons he doesn't bank on what they say is because they end up being wrong all the time.” “Something different happens all the time and that's one reason economic predictions just don't enter our decisions.” “Great businesses with great managers will be able to succeed during difficult times just as they would during good times.”

What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 90 years old is consistently ranked amongst the world's richest people, is arguably the most successful investor of the 20th century and has an estimated net worth of $107 Billion. This means, he's earned (on average) over $11 million each and every year of his life, which is thousands of times more than the average worker in Australia earns. Anyway… I think he'd be impressed with how I invest because there are some similarities in our investment philosophies. So in today's show, I'd like to look at some of Buffett's investment principles and see how we can apply them to our property investing. How does Warren Buffet Invest? Warren Buffett is arguably the greatest investor of all time. So today's I'd like to look at some of his investment principles and see how we can apply them to our property investing. Adhere to a proven strategy In my mind, you need to follow a strategy that has always worked, rather than one that works now. Invest counter-cyclically Buffett has advised: “We attempt to be fearful when others are greedy and to be greedy only when others are fearful.” This is also the investment strategy of many successful property investors and has proven to be a winning formula for many who invested in property. Sometimes it's best to do nothing A great quote from Warren Buffett is…  “The trick is, when there is nothing to do - do nothing.” There are stages in the property cycle and times in your investment journey when it is best to sit back and wait for the right opportunities. Specialize - don't diversify Successful investors specialize. They become an expert in one area or niche and reproduce the same thing over and over again getting great results. Invest for value You make your money when you buy your property, but not by buying a bargain. Instead, you lock in your profits by buying the right property. Invest for the long term Those who have created wealth out of property took a long-term view. This doesn't mean buy and forget - you should regularly review your property portfolio. Don't invest in anything you don't understand Warren Buffett never invests in anything he doesn't understand – nor should you. Manage your risks  Smart investors have financial buffers in their offset accounts or lines of credit to not only cover their negative gearing shortfall but to see them through the downtimes of the property cycle. What would Warren Buffett say about how I approach property investing? I think he'd be impressed with how I invest because there are some similarities in our investment philosophies. Clearly, I'm not in Warren Buffett's league as an investor and Buffett much prefers investing in companies than buying real estate. And of course, he really wouldn't bother himself with how I do things, so all this is hypothetical. Having said that, I've grown a very substantial property portfolio over the last almost 50 years of investing that has given me financial freedom and choices in life. Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a range of my ebooks here: www.PodcastBonus.com.au  Shownotes plus more here: Why not invest like Warren Buffett? Some of our favourite quotes from the show: “You can't just go buy any property and hope it's an investment-grade property.” – Michael Yardney “It's much harder to diversify when properties are so expensive.” – Michael Yardney “Abundance of supply is the enemy of capital growth.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how  

BT Mark To Market Ep 7: How to invest like Warren Buffett11:25 minSynopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times.In this seventh episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks about the investing phenomenon that is Warren Buffett, and explains why his philosophy is more relevant than ever now. He tackles the following points: Defining the Warren Buffett style of value investing (2:25) Contrasting what excites investors with what excites Buffett (3:25) Buffett's focus on profitability and value has stood test of time (6:43) What Singapore corporate boards can learn from Buffett (9:39) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Adam AzleeEdited by: Adam AzleeFollow BT Mark To Market podcasts and rate us on:Channel: http://bt.sg/btmark2mktApple Podcasts: https://bt.sg/4DJpSpotify: https://bt.sg/4DJNGoogle Podcasts: http://bt.sg/4D2EWebsite: http://bt.sg/mark2mktFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

BT Mark To Market Ep 7: How to invest like Warren Buffett 11:25 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times. In this seventh episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks about the investing phenomenon that is Warren Buffett, and explains why his philosophy is more relevant than ever now. He tackles the following points: Defining the Warren Buffett style of value investing (2:25) Contrasting what excites investors with what excites Buffett (3:25) Buffett's focus on profitability and value has stood test of time (6:43) What Singapore corporate boards can learn from Buffett (9:39) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Adam Azlee Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast on: https://bt.sg/btmoneyhacks BT WealthWise Podcast on: http://bt.sg/btwealthwise BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.

021. Invest Like Warren Buffett Buy Silver When It's Cheap

Are you ready to start really growing your money? Would you like to finally learn how to pick stocks? Then you are ready to. . . Invest Like Warren Buffett. But is it really possible for anyone to learn to invest like Warren Buffett? Don't I need insider information and a network of rich friends? Surprisingly not.

This episode, we will discuss about the 4 stock investment criteria of Warren Buffett and how we can benefit from these principles. Check out to find out more!

Be greedy when the others are fearful. Be fearful when the others are greedy. Learn personal finance and wealth creation: https://bit.ly/3cgIn9r Contact for investment consultancy: anujvohra.investing@gmail.com Learn something every day - Follow me on INSTAGRAM - https://instagram.com/anujv21

Would you be doing what you're doing right now if you could invest like Warren Buffett? Maybe you would, maybe you wouldn't. However, knowing how to invest like Warren Buffett could help you achieve financial success for a lifetime, and that's why Dan Lok is sharing Warren Buffett's 5 principles and rules for investing in […]

Would you be doing what you’re doing right now if you could invest like Warren Buffett? Maybe you would, maybe you wouldn’t. However, knowing how to invest like Warren Buffett could help you achieve financial success for a lifetime, and that’s why Dan Lok is sharing Warren Buffett’s 5 principles and rules for investing in this episode.

Here's the best investor of all time - Warren Buffett. If you're trying to become the best in investing, you need to think like a winner. However, focusing on your actual capital and amount of shares is crucial. I'll show you everything you need to know if you want to avoid some mistakes that might cost you a fortune if you make a wrong decision.

Here's the best investor of all time - Warren Buffett. If you're trying to become the best in investing, you need to think like a winner. However, focusing on your actual capital and amount of shares is crucial. I'll show you everything you need to know if you want to avoid some mistakes that might cost you a fortune if you make a wrong decision.

“If you don't find a way to make money while you sleep, you will work until you die.” Warren Buffett

Larry Swedroe is a principal and Chief Research Officer of Buckingham Strategic Wealth, a 17 billion dollar wealth management company headquartered in St. Louis, MO. Since joining the firm in 1996, Larry Swedroe has spent his time, talent and energy educating investors on the elements of investing with an enthusiasm few can match.   Larry has published 17 books that explain investing in layman’s terms. His first book, “The Only Guide to a Winning Investment Strategy You’ll Ever Need” is in its second edition. He has since authored sixteen more books including, “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012), and his latest book, "Your Complete Guide to a Successful & Secure Retirement" (2019), which is a focus of this podcast.    Previously, Larry was Vice-Chairman of Prudential Home Mortgage, the nation’s second-largest home mortgage lender. He has held positions at Citicorp as Senior Vice-President and Regional Treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies.   Larry has an MBA in Finance and Investment from NYU, and a BA in Finance from Baruch College.    This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance and relevant information to other investors of all experience levels at no cost.    The organization's free website is Bogleheads.org, and the wiki site is Bogleheads® wiki. Bogleheads sites are operated by volunteers who contribute time and talent. Donations help defray operating costs.   Since 2000, the Bogleheads' have held national conferences in major cities around the country and currently meet in Philadelphia in the autumn of each year. There are dozens of Local Chapters in the US and several Foreign Chapters that also meet regularly.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012.  

Article: https://www.carterfarr.com/2019/05/how-to-invest-like-warren-buffett-4.html Here's how to invest like Warren Buffett. It's easy to invest like the Oracle of Omaha. Here are seven ways to get started: Buy companies, not stocks. Identify companies with competitive moats. Ignore day-to-day market movements. Be fearful when others are greedy. Control your emotions. Invest in what you know. Buy Buffett stocks. Warren Buffett, the billionaire CEO of conglomerate Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), is one of the most successful stock-pickers and value investors of all time, and many investors aspire to replicate his success. The good news is, you can learn the principles Buffett uses to choose stocks and apply them to your own investment strategy. Here are seven steps you can use to create your own portfolio of "Buffett stocks": Invest in what you know. Learn the basics of value investing. Identify cheap stocks. Find businesses that will stand the test of time. Invest in good management. Be aggressive during tough times. Keep a long-term mindset. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/carterfarrpodcast/support

Ever wonder how private equity firms work or what might attract them to invest into or buy your company? A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies. In this episode I speak with Tony Ludlow, the founder of the private equity firm that bought a majority stake in my biggest exit.

Ever wonder how private equity firms work or what might attract them to invest into or buy your company?.. The post Building A Private Equity Empire: How To Acquire Businesses and Invest Like Warren Buffett w/ Tony Ludlow appeared first on Freedom Fast Lane.

Moat investing, popularized by Buffett, looks for attractively priced companies with sustainable competitive advantages. AAPL, AMZN, DIS, PFE, AGN, CMP (1:15) - What Is An Economic Moat and The Different Kinds? (5:25) - VanEck Vectors Morningstar Wide Moat ETF: Company Selection and Weighting (9:00) - How Do These Companies Create Value Long Term? (13:50) - Does Healthcare have the Best Economic Moats? (16:45) - MOAT ETF Performance: Is This A Long Term Investing Strategy? (22:00) - Episode Roundup: Podcast@Zacks.com

David Weekly is back on The Syndicate podcast. If you missed David's previous appearance on the show, it was a great one, especially for angel investors and VCs interested in driving returns by investing out of market. If you haven't already, go listen to that episode before continuing here, or don't, either way it is... The post How to Tech Invest Like Warren Buffett with Prolific Angel Investor David Weekly appeared first on The Syndicate.

Learn how Danielle Town transformed herself into an investor and the investing practice that got her there. She explains time-tested Warren Buffett investing principles in terms that everyone can understand. Guest Biography Danielle Town is a New York Times bestselling author and Investing Practice expert who started out desperately afraid of numbers and stock markets, until she took her head out of the sand and discovered that, with a little knowledge and practice, her weaknesses were actually strengths. With playfulness and ruthless practicality, she has now guided countless people overcome their reluctance to invest, put their money where their values are, and transform their lives towards financial freedom through her newsletter, courses, podcast, and book. She wrote her New York Times bestseller, Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a Little Help from My Dad), with her investor father, Phil Town, with whom she also banters about value investing and life on their top-rated podcast, InvestED. Show notes: http://www.inspiredmoney.fm/044 In this episode, you will learn: Why purely saving isn’t good enough to prep for your financial future. How aligning your investment money with your values can be more impactful and effect positive change. How Charlie Munger and Warren Buffett's investing principles can give you a framework to be an informed and better investor. Find more from our guest: danielletown.com Instagram Twitter Facebook LinkedIn InvestED podcast with Phil Town and Danielle Town Mentioned in this episode: Phil Town Warren Buffett Charlie Munger BBC NEWS Business Charlie Munger Boom and Bust Is Normal (Munger and Buffett's checklist for picking a company to invest in) Berkshire Hathaway, Inc. Wahei Takeda -  the Warren Buffett of Japan and thankfulness Books: Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a Little Help from My Dad) by Danielle Town The Girl in the Garden by Kamala Nair Gettin' The Bank Back Together: Gettin' the Band Back Together First Look  Official Music Video - Gettin' The Band Back Together Thanks for Listening! To share your thoughts: Leave a note in the comment section below. Share this show on Twitter or Facebook. To help out the show: Leave an honest review on Apple Podcasts. Your ratings and reviews really help, and I read each one. Email me your address, and I'll mail you an autographed copy of Kimo West and Ken Emerson's CD, Slackers in Paradise. Subscribe on Apple Podcasts. Special thanks to Jim Kimo West for the music.

Larry Swedroe, author of "Think, Act and Invest Like Warren Buffett," explains Wall Street's passive investing lie and what kind of returns you can really expect. Plus, how he relates investing performance to Babe Ruth and Roger Federer. Also, 5 Things Parents Need To Teach Kids About Money from Jack Kosakowski, President and CEO of Junior Achievement, 10 Retirement Planning Moves To Make in your 20s, and a closer look at Donald Trump’s tax outline.  

In this week's FT Money show, presenter Claer Barrett is joined by Money columnist Merryn Somerset Webb and guests to discuss why Warren Buffett is not really a value investor, whether employee share schemes are ever a good idea and the reasons behind one wealth manager's recent interest in female clients. See acast.com/privacy for privacy and opt-out information.

In Episode 87, Chris Cahill and Larry Swedroe, Director of Research Buckingham Asset Management and BAM Advisor Services discuss Larry’s upcoming book, “Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today” (co-authored with Andrew Berkin).  Larry has the gift of assimilating academic research and conveying its practical essence in a conversational, plain English manner.  The first part of this interview aired previously and can be found here. You can find out more about Larry Swedroe and Buckingham here. Or you can find him here: Twitter: @larryswedroe LinkedIn You can find Larry's previous interviews with Financial Poise here & here.   About Larry Swedroe Since joining the firm in 1996, Buckingham’s Director of Research Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match. Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012). He has also co-authored six books about investing. His latest work, “The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches,” was co-authored with Andrew Berkin and published in January of 2015. In his role as director of research and as a member of the firm’s Investment Policy Committee and Board of Managers, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations. Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing weekly to multiple outlets including MutualFunds.com and ETF.com. Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies. Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

In Episode 86, Chris Cahill and Larry Swedroe, Director of Research at Buckingham Asset Management and BAM Advisor Services, discuss Larry’s upcoming book, “Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today” (co-authored with Andrew Berkin).  Larry has the gift of assimilating academic research and conveying its practical essence in a conversational, plain English manner. The second part of this interview will air at a later date.   You can find out more about Larry Swedroe and Buckingham here.   Or you can find him here: Twitter: @larryswedroe LinkedIn: https://www.linkedin.com/pub/larry-swedroe/8/791/59   You can find Larry's previous interviews with Financial Poise here & here.   About Larry Swedroe Since joining the firm in 1996, Buckingham’s Director of Research Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match. Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012). He has also co-authored six books about investing. His latest work, “The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches,” was co-authored with Andrew Berkin and published in January of 2015. In his role as director of research and as a member of the firm’s Investment Policy Committee and Board of Managers, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations. Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing weekly to multiple outlets including MutualFunds.com and ETF.com. Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies. Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

Who wouldn’t want to invest like Warren Buffett? He’s one of the most successful investors in the world, and yet, most people don’t follow his recommendations about where they should be putting their money. In this edition of The Lange Money Hour, we welcome nationally recognized investment expert Larry Swedroe, the author of the book Think, Act and Invest Like Warren Buffett: The Winning Strategy to Help You Achieve Your Financial and Life Goals. Like Warren Buffett, Larry believes that passive investing through index funds is the best path to prosperity, and he’s done the research to back it up. Larry is director of research for Buckingham Asset Management. Including the Warren Buffett book we’ll be talking about Larry's other books, including his latest, The Incredible Shrinking Alpha, and he’s working on book number 15 as well, called Your Complete Guide to Factor-based Investing. In this podcast you’ll learn a great deal about passive and active investing and how to get into that Warren Buffett mind-set. TOPICS COVERED: Guest Introduction: Larry Swedroe, Author and Wealth Manager, Most Investors Do the Opposite of What Warren Buffett Advises Warren Buffett’s Advice: If You’re Not Me, Invest in Passive Index Funds, It’s Possible, but Very Few Win the Loser’s Game of Active Management, With the Right Value Stocks, You Can Outperform Warren Buffett,‘Gross Profitability’ and ‘Equality Factor’ are Different from Earnings, The Importance of the ‘Profitability Factor’ in Index Funds, Small-Value Funds from the Bottom Third Capture More Premium, Beyond the Investments, You Need the Discipline to Withstand Bear Markets, Why the New Rules on Fiduciary Responsibility are Critical, Whoever Wins the White House in November Will Have an Effect on Investors

This week Accredited Investor Markets Radio would like to share our most popular episode from 2015, Episode 25 with Larry Swedroe. If you haven't had a chance to check it out, this episode is guaranteed to be worth a listen! Be sure to listen to our second session with Larry Swedroe in Episode 33. You can find that at www.aimkts.com   Episode 25: What are the odds? This week in Episode 25 of Accredited Investor Markets Radio host Chris Cahill speaks to Larry Swedroe to find out whether it's best to adapt an active or passive investment strategy. They discuss the performance evidence for different investment types as well as the hurdles to achieving alpha and the odds of doing so in active investing. You can find out more about Larry Swedroe and Buckingham here. Or you can find him here:Twitter: @larryswedroeLinkedIn: https://www.linkedin.com/pub/larry-swedroe/8/791/59   About Larry Swedroe Since joining the firm in 1996, Buckingham’s Director of Research Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match. Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012). He has also co-authored six books about investing. His latest work, “The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches,” was co-authored with Andrew Berkin and published in January of 2015. In his role as director of research and as a member of the firm’s Investment Policy Committee and Board of Managers, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations. Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing weekly to multiple outlets including MutualFunds.com and ETF.com. Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies. Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

What are the odds? This week in Episode 33 of Accredited Investor Markets Radio host Chris Cahill continues his conversation with Larry Swedroe about whether it's best to adapt an active or passive investment strategy. They discuss the performance evidence for different investment types as well as the hurdles to achieving alpha and the odds of doing so in active investing.   You can find out more about Larry Swedroe and Buckingham here.   Or you can find him here: Twitter: @larryswedroe LinkedIn: https://www.linkedin.com/pub/larry-swedroe/8/791/59     About Larry Swedroe   Since joining the firm in 1996, Buckingham’s Director of Research Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match.   Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012).   He has also co-authored six books about investing. His latest work, “The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches,” was co-authored with Andrew Berkin and published in January of 2015.   In his role as director of research and as a member of the firm’s Investment Policy Committee and Board of Managers, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations.   Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing weekly to multiple outlets including MutualFunds.com and ETF.com.   Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies.     Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

What are the odds? This week in Episode 25 of Accredited Investor Markets Radio host Chris Cahill speaks to Larry Swedroe to find out whether it's best to adapt an active or passive investment strategy. They discuss the performance evidence for different investment types as well as the hurdles to achieving alpha and the odds of doing so in active investing.   You can find out more about Larry Swedroe and Buckingham here.   Or you can find him here: Twitter: @larryswedroe LinkedIn: https://www.linkedin.com/pub/larry-swedroe/8/791/59     About Larry Swedroe   Since joining the firm in 1996, Buckingham’s Director of Research Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match.   Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” He has since authored seven more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012).   He has also co-authored six books about investing. His latest work, “The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches,” was co-authored with Andrew Berkin and published in January of 2015.   In his role as director of research and as a member of the firm’s Investment Policy Committee and Board of Managers, Larry regularly reviews the findings published in dozens of peer-reviewed financial journals, evaluates the outcomes and uses the result to inform the firm’s formal investment strategy recommendations.   Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing weekly to multiple outlets including MutualFunds.com and ETF.com.   Before joining Buckingham, Larry was vice chairman of Prudential Home Mortgage. He has held positions at Citicorp as senior vice president and regional treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies.     Larry holds an MBA in finance and investment from New York University, and a bachelor’s degree in finance from Baruch College in New York.

This is the eighteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I interviewed author Larry Swedroe about his book, Think, Act, and Invest Like Warren Buffett. In today’s podcast, we cover how to build an asset allocation plan. […] The post How to Create an Asset Allocation Plan appeared first on The Dough Roller.

This is the seventeenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at why it’s important to invest like a business owner. In today’s podcast, we interview Larry Swedroe, author of Think, Act, and Invest Like Warren […] The post DR 024: How to Invest Like Warren Buffett [Interview withLarry Swedroe] appeared first on The Dough Roller.