There’s 4 types of investors out there, well, there is according to our guest today – You can be:
Lazy+stupid,
Hard-working+smart,
Hard-working+stupid
or you can be intelligent and lazy.
In a financial world dominated by hard-working and smart voices, it’s hard to get guidance around money matters without feeling like you’re not doing enough, or you’re not smart enough.
In today’s show, my guest is Cole Hauptfuhrer. Cole learned how to gamble at the age he started school. He learnt how to invest on a boat, then over 4 years he increased his investments more than 12-fold while beating The S&P 500 by more than 1,150%. Cole believes in focus investing – focus investors invest infrequently, and only invest when they possess high conviction that the odds are heavily in their favor, and then they bet big. I guess there’s the connection to gambling. The difference between gambling though (where the house always wins) and investing – is that it’s possible find positions where the probability and magnitude of a gain is stacked in your favour.
Cole is really passionate about putting out content to help people take trans-formative action, at scale, without getting hurt
To quote Cole himself, "Investing's hardest actions are to research, buy, and hold.” This is surely the mantra of any intelligent, yet lazy investor
Check out Find Fat Fish here.
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Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.
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