First Principles are a critical mental model for you to understand to be a successful investor. Most people don’t make decisions based on facts and reality. Yet, the world of investing is unforgiving. The only way to succeed in the long run is to align your actions with fact-based decision making. There are specific fact-based actions that will increase your odds of financial success. These are the first principles of investing and personal finance.
Show Notes available at DIYInvesting.org
The full show notes for this episode, including my outline for today’s podcast, are available at https://www.diyinvesting.org/Episode9
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