33 min
122 - Are you the next Warren Buffett? The DIY Investing Podcast
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- Investing
Mental Models discussed in this podcast: Second-Order Effects Passive vs Active Investing Standing on the Shoulders of Giants Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.
Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger
YouTube Channel: DIY Investing
Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron.
Show Outline The full show notes for this episode are available at https://www.diyinvesting.org/Episode122
Key Observations I have seen many writers, presentations, and discussions around this idea that YOU are NOT the next Warren Buffett, therefore...X "Don't concentrate" "Don't buy individual stocks" "Buy Index Funds" "You won't outperform...etc..." What is the impact of this? Is it true? How many future Warren Buffett level investors will never arise because we've convinced them it is impossible? Imagine if we treated scientists like this. "You aren't the next Einstein (or Bezos or Zuckerberg)" The lesson: Don't even bother trying How many future inventions would we lose out on? Summary: Are you the next Warren Buffett? This question discourages potential investors from attempting to outperform. I discuss the second-order effects this has on the investing landscape and your personal financial situation.
Mental Models discussed in this podcast: Second-Order Effects Passive vs Active Investing Standing on the Shoulders of Giants Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.
Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger
YouTube Channel: DIY Investing
Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron.
Show Outline The full show notes for this episode are available at https://www.diyinvesting.org/Episode122
Key Observations I have seen many writers, presentations, and discussions around this idea that YOU are NOT the next Warren Buffett, therefore...X "Don't concentrate" "Don't buy individual stocks" "Buy Index Funds" "You won't outperform...etc..." What is the impact of this? Is it true? How many future Warren Buffett level investors will never arise because we've convinced them it is impossible? Imagine if we treated scientists like this. "You aren't the next Einstein (or Bezos or Zuckerberg)" The lesson: Don't even bother trying How many future inventions would we lose out on? Summary: Are you the next Warren Buffett? This question discourages potential investors from attempting to outperform. I discuss the second-order effects this has on the investing landscape and your personal financial situation.
33 min