EP36: Antifragile Principles w. Brian Stoffel

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Me & The Market Goliath

🚶🏻 ➕ The Market 🏛️ Goliath🗿

42 episodes

6 days ago

Youtube: https://www.youtube.com/@MeandTheMarketGoliathPodcast Do you remember the biblical story of David and Goliath, a story about a warrior who used his wits and strengths to defy the impossible? Picture this and put yourself in a financial environment. You are an inexperienced investor who is trying to outsmart the financial markets but the odds are not in your favor and you don’t have the financial literacy to understand how to value a company or how complex financial markets work. Your disposable capital is stored in a bank bleeding dry to inflation, where do you start? ⠀

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EP36: Antifragile Principles w. Brian Stoffel

Me & The Market Goliath

46 minutes 20 seconds

1 year ago

EP36: Antifragile Principles w. Brian Stoffel

We invited Brian Stoffel to my show to wrap up the year. Brian has written for the Motley Fool for over 13 years, and he's also the Chief Content Officer and YouTuber of Long-term Mindset, which has over 98,000 newsletter subscribers and over 74,000 YouTube subscribers to date. We deliberated Dave Ramsey's controversial take on safe investment withdrawal rates and reviewed Brian's antifragile investing framework, which is his core investment philosophy, inspired by Nassim Taleb, who is a mathematical statistician, former option trader, risk analyst, and book author of Skin in the Game, The Black Swan, and Antifragile, Things That Gain From Disorder. Merry Christmas and a Happy New Year! Thank you for your support.

Timestamps: (00:00) Intro (02:36) Brian's early career days (04:08) Biggest takeaway writing and teaching finance (03:11) Signal versus noise and what matters most (06:08) Long-Term Mindset (07:55) Lessons on money and happiness from writing about finance and investing (09:30) Visuals are more effective than words when it comes to learning? (11:30) Is repetition the best way to practice learning about finance? (11:58) Investing skin in the game (13:15) Dave Ramsey's withdrawal rate of 8% (19:15) Brian's Optimal withdrawal rate (20:10) What does investing mean to Brian? (20:30) Brian's investment philosophy (22:17) What does antifragile mean? (23:09) A company's mission statement (26:11) Moat and optionality (28:00) Financial fortitude and concentration (29:02) Skin in the game and soul in the game (29:15) Glassdoor review (30:11) The most important aspect of the antifragile framework (30:46) Why free cash-flow is more important than net income (32:30) Brian's thoughts on buy now pay later companies and companies that offer gift cards (33:20) Starbucks and its moat (34:10) Finance concepts all beginners should learn first (37:03) Brian Stoffel and Brian Feroldi's top 10 biggest investment mistakes (38:12) Misjudging a moat (38:40) Other investing mistakes (41:11) Investing narratives (41:18) Mitigating the risk of narratives Follow Brian Stoffel on X: https://twitter.com/Brian_Stoffel_ Long-Term Mindset: https://brianferoldi.substack.com/ Follow Kelvin (Podcast Host): X (Twitter) https://twitter.com/kelvinMMGoliath Official Podcast on X ⁠⁠: https://twitter.com/Memarketgoliath Subscribe: Youtube: ⁠⁠https://www.youtube.com/channel/UChlB...

No financial advice.