“Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.” — Peter Lynch
There’s 4 types of investors out there, well, there is according to our guest today – You can be:
or you can be intelligent and lazy.
In a financial world dominated by hard-working and smart voices, it’s hard to get guidance around money matters without feeling like you’re not doing enough, or you’re not smart enough.
In today’s show, my guest is Cole Hauptfuhrer. Cole learned how to gamble at the age he started school. He learnt how to invest on a boat, then over 4 years he increased his investments more than 12-fold while beating The S&P 500 by more than 1,150%. Cole believes in focus investing – focus investors invest infrequently, and only invest when they possess high conviction that the odds are heavily in their favor, and then they bet big. I guess there’s the connection to gambling. The difference between gambling though (where the house always wins) and investing – is that it’s possible find positions where the probability and magnitude of a gain is stacked in your favour.
Cole is really passionate about putting out content to help people take trans-formative action, at scale, without getting hurt
To quote Cole himself, "Investing's hardest actions are to research, buy, and hold.” This is surely the mantra of any intelligent, yet lazy investor
Check out Find Fat Fish here.
Please note that Cole is not a registered or authorized financial adviser and is not on the Financial Services Provider Register (FSPR). As with any guest or topic on this show, listeners need to do their own research. I will continually have guests on that have a broad range of views that may challenge me and others, but this is not a specific endorsement in any way to acquire of dispose of their services.
The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.
So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.
Just go to https://hatch.as/NZEverydayInvestor to grab your top up.
The NZ Everyday Investor would also like to acknowledge the support of kōura.
Most people fixate on just fees or historical returns when trying to choose a KiwiSaver fund. But professionals know there’s the third, arguably more essential component to consider - asset allocation. kōura's digital advice tools will build you a KiwiSaver portfolio that has the perfect asset allocation just for you. Of course you could also just choose your own KiwiSaver portfolio with them too. Give them a try and see what your ideal KiwiSaver asset allocation looks like for you.
Like what you’ve heard?
You can really help with the success of the NZ Everyday Investor by doing the following:
1- Tell your friends!
2- Write a review on Facebook, or your favourite podcast player
3- Help support the mission of our show on Patreon by contributing here
4- To catch the live episodes, please ensure you have subscribed to us on Youtube:
5- Sign up to our newsletter here
NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.