it was a rainy Friday and I was
wandering around a small bookstore
quickly getting lost you’re in a narrow
aisle with shelves towering over me I
could smell the books around me it was
in Brussels Belgium and I was a 21 year
old foreign exchange student full of big
ideas but still looking for direction
that day I picked up a book that changed
my life forever
I was a business major curious about
people in history but I had little
interest in the stock market I was
absolutely convinced it was a casino
where only a small number of market
Wizards can win that book gave me a
whole new perspective it was one up on
Wall Street Peter Lynch described how we
can use the knowledge we already have to
make money in the stock market he
painted a vivid picture of his journey
from a golf caddy to a manager of one of
the most successful investment funds a
manager who regularly and curiously
looked into his shopping cart for
investment ideas I made three
discoveries that day first stocks are
small pieces of businesses that we can
buy an own second we already have great
knowledge about many businesses and
third investors are not market wizards
but ever learning world explorers
looking for treasures often hidden in
plain sight I was very intrigued so
intrigued in fact that I decided to
become an investor myself I still have
that book the pages turn yellow
but without it I wouldn’t be here today
but why am I here today
I love investing but what gives me real
pleasure is spreading my passion for
investing my favorite time is when I sit
down with my interns or my clients and I
introduce them to the world of investing
I see the sparkle in their eyes that’s
the moment that Oliver Wendell Holmes
senior an American polymath beautifully
described in those words once mind once
stretched by a new idea never regains
its original dimensions after 13 years
as a professional investor making
mistakes learning gaining experience
inspiring many bright young minds and
guiding many wonderful clients I believe
that there is a great investor in
everyone and I believe that investing
offers a wonderful opportunity to learn
grow realize your dreams and secure a
more comfortable future I know that
you’re up against a lot of
misinformation and confusion when it
comes to investing but by the end of
this speech you will not only see more
clearly a potential for a great investor
in you but you will also discover three
secret advantages over professional
investors that you already have I’ll
show you what they are and how to use
them and I will share with you my
journey from an insider to an outsider
from a tight suit behind a desk with
multiple screens to flip flops hummock
and a book a path that I like to call a
path of a remote investor who stays
connected but keeps a healthy distance
and you’re about to see why your first
advantage is your world bound freedom
you might think that a death
and multiple screens are necessary to be
great investors many professional
investors miss out on the best ideas
because they are tight to their desks
they make investment decisions without
ever leaving the office holding a
product or trying a service of the
company you already enjoy world bound
freedom and you have a healthy distance
from all the desks and the screens how
can you use this advantage the first
question we want to answer as investors
is what do we buy we’re looking for good
companies with high and growing profits
companies that have three qualities a
lasting competitive advantage something
truly unique about them an honest and
smart leadership and a big and promising
market to capture when you woke up this
morning you likely did three things you
picked up your favorite smartphone you
use your favorite toothpaste and you put
on your favorite shoes why this
smartphone this toothpaste these shoes
throughout your life you’ve already made
countless shopping decisions and you
have an invaluable insight about
countless products and services plus
also about the businesses behind them as
investors we need to have a mindset of
explorers on a treasure hunt
detectives putting together all the
pieces of the puzzle let me give you an
example few years ago one evening I was
walking past an Apple store and I saw
endless lines of people eager to buy
their very first iPhone Apple introduced
us to a new smartphone it was much more
than a phone it was beautifully designed
and fun to use
success was a world phenomenon and it
was no secret to millions of consumers
and that got my attention Apple had a
great product great management big
market to capture in big profits
many professional investors didn’t see
it for a while
but Apple was an opportunity hidden in
plain sight let me share with you a raw
model whose life I find inspiring a true
world down investor John Templeton what
did he do in the 1960s after a
successful career in New York City he
physically moved his operations from
Wall Street to the Bahamas it gave him a
world bound perspective and it opened
his eyes to opportunities around the
world he was named by Mani magazine
arguably the greatest global stock
picker of the century when it comes to
world bound freedom it’s easier to find
investment ideas when you’re away from
the desk I find my best ideas when I
meet new people explore new places in
new experiences I still have a desk but
I find more time for world bound life to
unleash a great investor in you take the
path of a remote investor be true
outsiders who live world bound lives and
see investing as a treasure hunt for
ideas that might be hiding in plain
sight your second advantage is your
original thinking you might think that
investment meetings around conference
room tables are necessary to be great
investors many professional investors
buy stocks at the wrong time because
they’re limited by Investment Group
thing they read the same newspapers
newsletters they go to the same
conferences they think alike they act
alike they have the same ideas and they
make the same mistakes
you already are original thinkers and
you have a healthy distance from the
investment group thing how can you use
this advantage we already know what to
buy we’re looking for good companies
that we like the second question is when
do we buy them and the very best time to
buy is when the prices are down and
investors are fearful let me share a
story with you it was a called New York
March day in 2009 and I was running late
to a dinner where investors swap ideas
it was the darkest time of the last
financial crisis the stock market was
down some 50% I don’t remember what I
ate that night but I do remember that no
one put forward a single idea although
it’s soon proved to be one of the best
times to invest I realize that I can’t
count on the crowd to tell me when to
buy I have to rely on my original
thinking in moments of real opportunity
as investors we have to have a mindset
of bargain shoppers which works just
fine
when we’re shopping for groceries but in
when it comes to stock investing we
forget that they want to buy more
because the price went up let’s go back
to our Apple idea you might think a
stock of a company like Apple is never
on sale well only six years ago the
price fell from a hundred to fifty five
and that got my attention and then two
years ago the price fell from 130 to 90
and it’s at a hundred and seventy today
even the best companies are on sale
sometimes the value of the company
doesn’t change much quickly but the
price often does let me share with you
another role model whose life I find
inspiring
a true original thinker Warren Buffett a
legendary investor who dedicated his
life to spreading lessons of wise
investing he tells us to be fearful when
others are greedy and be greedy when
others are fearful throughout his life
he made bigger investments when the
prices were down and he grew his wealth
from a few newspaper routes to one of
the largest fortunes in the world when
it comes to original thinking it’s
easier to make investment decisions when
you’re away from the group thing I find
my conviction to go against the crowd
when I’m on the walk on the beach on a
bicycle ride I’m still curious what
others think but I leave room for
original thinking to unleash a great
investor in you take the path of a
remote investor be true outsiders who
leave room for original thinking and who
have the conviction to go against the
crowd and by when the price is down your
third advantage is your mindfulness you
might think that all the news flow price
quotes many too many market updates are
necessary to be great investors many
professional investors don’t have the
patience and discipline because there
are victims of financial media
overstimulation
they feel that they have to be always
plugged in to never miss a beat the
first stock I bought was an airline I
did my detective work I read a book
about the founder I got to know their
story low cost but treating customers
well the stock price was high but I
couldn’t wait I bought it the minute I
bought it the stock price started to
fall every single day after a short
while
I sold it only to see the price rise
many times over in the next few years I
learn a lesson I was too eager to buy
and too eager to sell as investors we
need to have a mindset of business
owners for a patient and discipline
we’re in no rush to buy and even less of
a rush to sell let’s go back to our
Apple idea let’s say we found it we
liked it it will take patience to wait
for the price to be on sale it will take
discipline to buy it only when the price
is down and once we buy it we have to
give it time to deliver the returns and
sometimes it may take months sometimes
it may take years let me share with you
another old model whose life I find
inspiring a true patient and disciplined
investor
Charlie Munger he has been a long-term
business partner of Warren Buffett he
never stopped learning and reading and
he once said something that really
struck a chord with me
he said it’s waiting that helps an
investor and a lot of people just can’t
stand to wait when it comes to
mindfulness it’s easier to stick to your
investment decisions when you’re away
from all the noise what I find helpful
is to be surrounded by nature in the
park in the woods on the ocean I still
check the news and the price quotes but
I unplug whenever possible
to leave room for mindfulness to unleash
a great investor in you take the path of
a remote investor be true outsiders who
live mindful lives and who see that
investing takes patience and discipline
the many do you buy your first stock
your first investment fund you open your
first retirement account you become
investors you become proud part owners
of businesses
proud part owners of the world economy
it’s your world why not own a small
piece of it it might be little but you
will be among the Peter Lynch’s and
warren buffett’s of the world investing
might sound simple but it’s not easy but
you can still take the easiest of paths
if you spend less than you earn and you
invest regularly in an index fund a fund
that holds a little bit of everything
and Noah’s Ark of the market doesn’t
like to call it you will do very well
over your lifetime you have to worry
less about the stock picking and market
timing and your money will quietly work
for you if you decide to embark on the
stock picking adventure take the path of
a remote investor who stays connected
but keeps a healthy distance my
experience taught me that a tight suit a
desk and multiple screens are not the
necessary gear I realize that they can
actually get in the way of a great
investor while all you need is open mind
curiosity flip-flops hammock and a book
and good Wi-Fi to unleash a great
investor in you gain a new perspective
and use the three secret advantages that
you already have be world bound original
thinkers who know what when and how to
buy be world explorers on a treasure
hunt for the best ideas be bargain
shoppers who have the conviction to go
against the crowd and buy when the price
is down and be business owners who are
patient and disciplined investing offers
a wonderful opportunity to live an even
more fulfilling life to learn grow
realize your dreams and secure more
comfortable future start your adventure
start with a single dollar but
today thank you [Applause]
wandering around a small bookstore
quickly getting lost you’re in a narrow
aisle with shelves towering over me I
could smell the books around me it was
in Brussels Belgium and I was a 21 year
old foreign exchange student full of big
ideas but still looking for direction
that day I picked up a book that changed
my life forever
I was a business major curious about
people in history but I had little
interest in the stock market I was
absolutely convinced it was a casino
where only a small number of market
Wizards can win that book gave me a
whole new perspective it was one up on
Wall Street Peter Lynch described how we
can use the knowledge we already have to
make money in the stock market he
painted a vivid picture of his journey
from a golf caddy to a manager of one of
the most successful investment funds a
manager who regularly and curiously
looked into his shopping cart for
investment ideas I made three
discoveries that day first stocks are
small pieces of businesses that we can
buy an own second we already have great
knowledge about many businesses and
third investors are not market wizards
but ever learning world explorers
looking for treasures often hidden in
plain sight I was very intrigued so
intrigued in fact that I decided to
become an investor myself I still have
that book the pages turn yellow
but without it I wouldn’t be here today
but why am I here today
I love investing but what gives me real
pleasure is spreading my passion for
investing my favorite time is when I sit
down with my interns or my clients and I
introduce them to the world of investing
I see the sparkle in their eyes that’s
the moment that Oliver Wendell Holmes
senior an American polymath beautifully
described in those words once mind once
stretched by a new idea never regains
its original dimensions after 13 years
as a professional investor making
mistakes learning gaining experience
inspiring many bright young minds and
guiding many wonderful clients I believe
that there is a great investor in
everyone and I believe that investing
offers a wonderful opportunity to learn
grow realize your dreams and secure a
more comfortable future I know that
you’re up against a lot of
misinformation and confusion when it
comes to investing but by the end of
this speech you will not only see more
clearly a potential for a great investor
in you but you will also discover three
secret advantages over professional
investors that you already have I’ll
show you what they are and how to use
them and I will share with you my
journey from an insider to an outsider
from a tight suit behind a desk with
multiple screens to flip flops hummock
and a book a path that I like to call a
path of a remote investor who stays
connected but keeps a healthy distance
and you’re about to see why your first
advantage is your world bound freedom
you might think that a death
and multiple screens are necessary to be
great investors many professional
investors miss out on the best ideas
because they are tight to their desks
they make investment decisions without
ever leaving the office holding a
product or trying a service of the
company you already enjoy world bound
freedom and you have a healthy distance
from all the desks and the screens how
can you use this advantage the first
question we want to answer as investors
is what do we buy we’re looking for good
companies with high and growing profits
companies that have three qualities a
lasting competitive advantage something
truly unique about them an honest and
smart leadership and a big and promising
market to capture when you woke up this
morning you likely did three things you
picked up your favorite smartphone you
use your favorite toothpaste and you put
on your favorite shoes why this
smartphone this toothpaste these shoes
throughout your life you’ve already made
countless shopping decisions and you
have an invaluable insight about
countless products and services plus
also about the businesses behind them as
investors we need to have a mindset of
explorers on a treasure hunt
detectives putting together all the
pieces of the puzzle let me give you an
example few years ago one evening I was
walking past an Apple store and I saw
endless lines of people eager to buy
their very first iPhone Apple introduced
us to a new smartphone it was much more
than a phone it was beautifully designed
and fun to use
success was a world phenomenon and it
was no secret to millions of consumers
and that got my attention Apple had a
great product great management big
market to capture in big profits
many professional investors didn’t see
it for a while
but Apple was an opportunity hidden in
plain sight let me share with you a raw
model whose life I find inspiring a true
world down investor John Templeton what
did he do in the 1960s after a
successful career in New York City he
physically moved his operations from
Wall Street to the Bahamas it gave him a
world bound perspective and it opened
his eyes to opportunities around the
world he was named by Mani magazine
arguably the greatest global stock
picker of the century when it comes to
world bound freedom it’s easier to find
investment ideas when you’re away from
the desk I find my best ideas when I
meet new people explore new places in
new experiences I still have a desk but
I find more time for world bound life to
unleash a great investor in you take the
path of a remote investor be true
outsiders who live world bound lives and
see investing as a treasure hunt for
ideas that might be hiding in plain
sight your second advantage is your
original thinking you might think that
investment meetings around conference
room tables are necessary to be great
investors many professional investors
buy stocks at the wrong time because
they’re limited by Investment Group
thing they read the same newspapers
newsletters they go to the same
conferences they think alike they act
alike they have the same ideas and they
make the same mistakes
you already are original thinkers and
you have a healthy distance from the
investment group thing how can you use
this advantage we already know what to
buy we’re looking for good companies
that we like the second question is when
do we buy them and the very best time to
buy is when the prices are down and
investors are fearful let me share a
story with you it was a called New York
March day in 2009 and I was running late
to a dinner where investors swap ideas
it was the darkest time of the last
financial crisis the stock market was
down some 50% I don’t remember what I
ate that night but I do remember that no
one put forward a single idea although
it’s soon proved to be one of the best
times to invest I realize that I can’t
count on the crowd to tell me when to
buy I have to rely on my original
thinking in moments of real opportunity
as investors we have to have a mindset
of bargain shoppers which works just
fine
when we’re shopping for groceries but in
when it comes to stock investing we
forget that they want to buy more
because the price went up let’s go back
to our Apple idea you might think a
stock of a company like Apple is never
on sale well only six years ago the
price fell from a hundred to fifty five
and that got my attention and then two
years ago the price fell from 130 to 90
and it’s at a hundred and seventy today
even the best companies are on sale
sometimes the value of the company
doesn’t change much quickly but the
price often does let me share with you
another role model whose life I find
inspiring
a true original thinker Warren Buffett a
legendary investor who dedicated his
life to spreading lessons of wise
investing he tells us to be fearful when
others are greedy and be greedy when
others are fearful throughout his life
he made bigger investments when the
prices were down and he grew his wealth
from a few newspaper routes to one of
the largest fortunes in the world when
it comes to original thinking it’s
easier to make investment decisions when
you’re away from the group thing I find
my conviction to go against the crowd
when I’m on the walk on the beach on a
bicycle ride I’m still curious what
others think but I leave room for
original thinking to unleash a great
investor in you take the path of a
remote investor be true outsiders who
leave room for original thinking and who
have the conviction to go against the
crowd and by when the price is down your
third advantage is your mindfulness you
might think that all the news flow price
quotes many too many market updates are
necessary to be great investors many
professional investors don’t have the
patience and discipline because there
are victims of financial media
overstimulation
they feel that they have to be always
plugged in to never miss a beat the
first stock I bought was an airline I
did my detective work I read a book
about the founder I got to know their
story low cost but treating customers
well the stock price was high but I
couldn’t wait I bought it the minute I
bought it the stock price started to
fall every single day after a short
while
I sold it only to see the price rise
many times over in the next few years I
learn a lesson I was too eager to buy
and too eager to sell as investors we
need to have a mindset of business
owners for a patient and discipline
we’re in no rush to buy and even less of
a rush to sell let’s go back to our
Apple idea let’s say we found it we
liked it it will take patience to wait
for the price to be on sale it will take
discipline to buy it only when the price
is down and once we buy it we have to
give it time to deliver the returns and
sometimes it may take months sometimes
it may take years let me share with you
another old model whose life I find
inspiring a true patient and disciplined
investor
Charlie Munger he has been a long-term
business partner of Warren Buffett he
never stopped learning and reading and
he once said something that really
struck a chord with me
he said it’s waiting that helps an
investor and a lot of people just can’t
stand to wait when it comes to
mindfulness it’s easier to stick to your
investment decisions when you’re away
from all the noise what I find helpful
is to be surrounded by nature in the
park in the woods on the ocean I still
check the news and the price quotes but
I unplug whenever possible
to leave room for mindfulness to unleash
a great investor in you take the path of
a remote investor be true outsiders who
live mindful lives and who see that
investing takes patience and discipline
the many do you buy your first stock
your first investment fund you open your
first retirement account you become
investors you become proud part owners
of businesses
proud part owners of the world economy
it’s your world why not own a small
piece of it it might be little but you
will be among the Peter Lynch’s and
warren buffett’s of the world investing
might sound simple but it’s not easy but
you can still take the easiest of paths
if you spend less than you earn and you
invest regularly in an index fund a fund
that holds a little bit of everything
and Noah’s Ark of the market doesn’t
like to call it you will do very well
over your lifetime you have to worry
less about the stock picking and market
timing and your money will quietly work
for you if you decide to embark on the
stock picking adventure take the path of
a remote investor who stays connected
but keeps a healthy distance my
experience taught me that a tight suit a
desk and multiple screens are not the
necessary gear I realize that they can
actually get in the way of a great
investor while all you need is open mind
curiosity flip-flops hammock and a book
and good Wi-Fi to unleash a great
investor in you gain a new perspective
and use the three secret advantages that
you already have be world bound original
thinkers who know what when and how to
buy be world explorers on a treasure
hunt for the best ideas be bargain
shoppers who have the conviction to go
against the crowd and buy when the price
is down and be business owners who are
patient and disciplined investing offers
a wonderful opportunity to live an even
more fulfilling life to learn grow
realize your dreams and secure more
comfortable future start your adventure
start with a single dollar but
today thank you [Applause]
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