Inversion Engineering - Deepstash

Inversion Engineering

In order to become great at something, find what makes someone bad at that thing, and do the opposite.

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MORE IDEAS FROM Lessons After 40+ Interviews of the Greatest Investors with William Green - Investing for Beginners 101

  1. Value an asset
  2. Buy it for much less than it's worth

"Take a simple idea, and take it seriously." -- Charlie Munger

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  • Hungry
  • Angry
  • Lonely
  • Tired
  • Pained
  • Scared

A mnemonic device for remembering these is:

HALT PS

Use this device before making high-stakes decisions, and analyze yourself to see if you are in any of these states.

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  • Excercise
  • Sleep
  • Nutrition
  • Meditation

When you are under stress, reduce complexity in your life by focusing on these four qualities.

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  • Learn from the masters
  • Reverse engineer what works
  • "... we don’t have to be original in life" -- Green
  • Be ferocious and shameless in your cloning

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Wealth In The Modern World

Investing is about 9 percent theory, 1 percent execution and 90 percent emotion management.

Not everyone becomes a multimillionaire, at least not in the short run. The good news is that there are a lot of financial opportunities in the world, and it is possible to build wealth using public markets as a long term investment. Investment requires managing our emotions, and not to be bogged down by the ups and downs of the volatile markets.

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... is the trading of your money today for a lot more money in the future. It is a high yield over the long term.

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Investment explained

An investment is a gamble: instead of the security of guaranteed returns, you're taking a risk with your money. 

You can invest in Shares, Bonds, Funds, Government bonds (gilts), UK property market or even Farmland, Vintage cars, Wine, Fledgling technology, firms or art.

For most, investing means putting money in the stock market.

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