20: How to Be an Investor

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Manage episode 211123563 series 2135788
By KARL-MIKAEL SYDING, Mikael Syding, and Ludvig Sunstrom. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

We cover the fundamental 5 steps to become an investor—based on Mikael’s personal guidelines.

Here’s a summary of the steps:

1 Psychology is more important than maths in investing

2 Read books and insightful articles about investing, not testosterone dripping online stock forums

3 Find a strategy that suits you. Refine it in company with likeminded truth-seekers

4 Use real money; it’s the only way to truly stress test your emotions and your strategy-psychology fit

5 Create a feedback loop of continuous improvement, your work as an investor is never done

Bonus tip: it’s not easy, anybody who says it is doesn’t know what they are talking about (or are actively trying to fool you). Anybody who has simple one-dimensional solutions to the ‘problem’ of investing is either a narrow minded sheep destined for slaughter, or a snake oil salesman out to trick you.

Follow-up: Check out Mikael’s blog post for a list of the books.

For serious students of investing: Check out TAOs (The Art of Sprezzatura) for Mikael’s investing framework.

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