Episode 75 – When investing, focus on what really matters

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I remember reading once the advice of someone who had achieved success in their field. Their key observation was, “in life, you will occasionally be faced with times where you have to make a choice. One path will be easy, and the other harder. I’ve been successful because whenever I faced those choices, I chose the harder path”.

Now I think there is great wisdom in these words in the broad journey of your life, but when it comes to investment success, they are plain stupid.

When investing, we want the simplest, most likely to succeed option that there is. And that means focusing on what really matters.

 

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