Debrief;
Welcome to the site! This is my space for taking notes, and to flesh out my thoughts on interesting topics. It is not financial, legal, marital, or any other form of advice.
Do NOT take trades or make investment decisions based on the information herein.
You'll find a bunch of content on trading and investing, as well as the most essential elements from the CFA and MSc Finance curriculum's.
There's also a bunch of material on psychology, mindset, and productivity.
I write summaries of the books that were most valuable to me. You can find them on the bookshelf. Selfishly, I only really highlight parts that speak to me the most - if you find one that resonates with you, I strongly recommend reading the actual book!
Philosophy;
There's more than one way to skin a cat. 🐈
There is also more than one way to extract money from the financial markets. It's a game with endless opportunity, but there's no one-size-fits-all. I advocate taking a broad approach:
See the forest for the trees. Develop an understanding of the macroeconomic landscape; familiarize yourself with interest rates, with inflation, and with the effect of monetary and fiscal policy on asset prices. Learn to recognize the different stages of market cycles and how to position yourself accordingly.
Value is not synonymous with price. Use security analysis to differentiate between a stock's price and its intrinsic value. Explore various valuation techniques, such as discounted cash flow and relative valuation. Forecast future cash flows and project potential returns.
Get some skin in the game. Start trading and put your money where your mouth is. Learn to read charts and interpret technical indicators. Delve into the world of derivatives, futures, and options, and think about how other participants might be positioned. Lastly, don't neglect risk management and the importance of sticking to a plan - it's not just about getting money, it's about keeping it too.
Read... Extensively. Your next trade idea isn't going to come from the Financial Times or anywhere in the mainstream media. Creativity comes from drawing new connections between already existing information, and in order to make those connections, you need the raw materials. Read business books, biographies and annual reports. Stay up to date with new technologies and trends.
Dedicating time to any one of these areas will put you far ahead of the average trader or investor. Combining all of them will make you unstoppable.