Investing For Profit & Joy

27 Dec, 2016 | Investing, Markets

This morning I watched this great talk by Howard Lindzon. I’ve been reading Howard’s blog on his personal site for a few months now and it’s quickly become one of my favourites. It’s short and concise but has an intelligent and practical approach to investing. This makes it accessible for young investors like myself and the talk is therefore a fitting introduction to people approaching investing today.

Key takeaways

  1. Start young

“The market is like a language and it takes time to learn; both behaviourally and the fundamentals.”

I couldn’t agree more. This is something I have been saying to my close friends for some time. I started investing about 3 years ago, almost as soon as I started earning my own money. At this time, I don’t invest enough capital to make any great returns in absolute terms, but I’m (hopefully!) learning how the markets work so that down the line when I have more capital to invest, I will make better decisions.

  1. Build the Network, Be the Pilot Fish

We live in an age where we can easily be a quick ‘follower’. Follow smart people closely and whilst you may never be first, you can certainly beat the market. As someone who is not a full-time investor, I think this is a pragmatic approach. You’ll also stand to learn a lot from some of the great thinkers out there and Howard mentioned a couple of great people I can also vouch for in Fred Wilson, Brad Feld, Ben Thompson (Stratechery) and not to forget Howard himself.

  1. Tools

There are a number of great tools out there that enable us to easily trade, gather information and build a network (e.g. Stocktwits, RobinHood (not yet available in the UK), Sparkfin, Angel list, Twitter etc.) Use them well and supercharge your investing potential.

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