No, I don’t want to talk about this. Just because you think you have a lot of money doesn’t mean you have to invest it. But you can and you can’t.
This one is a little tricky because it depends on where you’re at financially. When you’re a little broke, you can invest your money in stocks, bonds, or real estate. But when you’re flush, you can invest your money in things like your company’s 401k, or even a large pension fund.
To be successful at investing your money you need to know a little bit about what youre investing in. The best way to do that is to take the time to read some financial books. The best of those books is the one written by Warren Buffett. What Warren Buffett does is he takes the time to study the math behind investments and then he does the math himself. He says, “I’m going to write down exactly how much our company is worth.
Money is the foundation of everything we do. Most of the time you’ll get it wrong. So instead of reading what it is like to pay a couple hundred dollars for a few hundred bucks or even a hundred bucks to get a few hundred bucks, you just read the full financial book that is based on it.
By the way, the guy who wrote the Financial Instincts of Warren Buffett is also the guy who wrote the book The Intelligent Investor.
What’s interesting about this is that it’s actually a pretty smart business book. It outlines the strengths and weaknesses of successful investors in a way that makes them sound like they’re not trying to be salesmen. It makes it sound like they are just making up their own financial models. So the book is kind of like a sales job. It’s not really useful in any particular area.
Thats because the sales job is basically just a list of all the things that are bad about investing. I mean, it doesnt tell you what to do. Its just a bunch of stats and predictions about what stock prices will and wont do over the next five years or how to get a better return over time. Most of them are just wrong.
But the book is a sales job. As we all know, salesmen put you in a sales position. If the salesman is wrong, you are in trouble. It is so hard to make money with a book.
The book is a sales job. So much of the advice in the book is wrong. The last thing we need is another sales job for the next five years.
But if we keep this book in our portfolio, it can go to school and become a PhD for us. Or maybe later we can sell the book for a bundle of bucks. If you want to be an expert, you have to be an expert. That’s how people have made so much money in the past.
