Simple Concepts Research Group

Investing Quotes & Insights: August 15, 2021

by | Aug 16, 2021 | Insights

Two investing quotes and one question to consider on your journey to wealth creation.

person standing on rock formation during daytime

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.”

There are a lot of sources in the financial world, and likely elsewhere, who are more than happy to inform you that picking individual stocks is a loser’s game. As the saying goes, you should just buy an index and content yourself with market returns.

There’s nothing wrong with this advice and there’s plenty of evidence to support it’s claims. Yet, for those of us who don’t accept this as the “only way” – merely one of the ways to invest – you have to be a bit (or a lot honestly) unreasonable and able to stand in that space with evidence-based confidence.

You have to have the right tools, which includes comfortable risk taking, to build confidence in a system that you can stick with. If not, you’ll cave under the uncertainty and emotions of the crowd. The path of deep-value investing is simple but not easy. Stay mindful and unreasonable.

3 x 3 rubiks cube

“Our own problems may feel unique, which leads us to ignore the solutions that worked for others in equivalent situations.”

As the great teacher Jim Rohn remarked, you do not lack capacity – you merely lack an idea. Books are the key to finding out what has worked for others in situations like yours. A great book can provide not only insight but steps and patterns to create solutions. Want to retire early? Read a book. Want to beat the market? Read a book. Start a business? Read a book.

This is especially true in investing.

One common practice of hundreds of great investors is that they provide their methods and experiences in writing. A great investment book is worth it’s weight in gold because learning by error is inefficient and costly.

As a reader, you get to have a one way conversation with a great investor by reading a book that they’ve written. It’s a form of mental wealth creation. Also, it may go without saying but listening to a books’ summary on Youtube won’t truly impart investment knowledge. It’s likely a just video for affiliate marketing purposes (not that there’s anything wrong with that but it’s not the same as reading the material).

One Question to Consider:

  • How can I become more unreasonable in my goal setting and actions?