Fifteen years later he is still “retired” and still trading full time. Now he calls it what it turned out to be: trading not investing. That’s what happens if you do it daily. There is no set and forget – it’s just a series of individual stock-based battles and if that’s investing, so be it, or if that’s trading, so be it. It’s just an endless, but enjoyable (for him) financial survival exercise, in any stock over any time frame.
He says long-term investing is mostly born out of denial, a convenient high-brow excuse for doing not a lot of research, doing a moment’s stock picking and then a lot of hoping. “Being a bad investor is for rich people,” he says.
He is not rich, but he owns himself, which includes playing a lot of tennis and golf and being “free” to do what he wants when he wants. “There is a lot of good stuff to do between Monday and Friday when everyone else is busy,” he says.
He has written an unpublished “book” about how to survive as a private investor, a beginner’s guide as it were. It would never make it past the publisher in its current form because it wasn’t written to sell, it was written to clarify his thinking. And as he will tell you, there are more talented traders, better systems and superior wisdoms out there, but this will do him, and it might just interest you.
It was written by a man, for himself, without boundaries. You might find there is something in it for you. Here are some of his themes:
Diese Geschichte stammt aus der September 2020-Ausgabe von Money Magazine Australia.
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Diese Geschichte stammt aus der September 2020-Ausgabe von Money Magazine Australia.
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