Blog's "read me first"
Hi you can contact me at Neytorres.com
Why should you read this blog?
I'm a professional investor, (if you don't have money or have many millions you'll still find value here) I make a living from investing my own money. Which has giving me freedom to have a (what I consider a great live/lifestyle). And I think you can also take advantage of this by reading this blog.
Wealth should be measure in time. Money just gives you options. So as you can see I wan to share this thoughts to make your chances to get to wherever you plan to go better.
The reason for this blog is to help me think clearer about subjects I encounter everyday in investing and entrepreneurship. you should know:
- I intend to write (and I'm very bad at it) in such a way that anybody can understand despite their background. Never the less "professionals" will find value in this posts.
- I can change my mind in the light of new evidence. Most likely I will change my mind as I grow wiser (hopefully) through time
- I don't think I'm right in my posts, I'm just sharing my view of the world
- Do your own thinking. Many times I may argue to have found a great opportunity. I gain nothing if you agreeing with me or not. Always remember "free advice is the most expensive advice".
- I doubt I have original ideas, most likely I'm just rephrasing what I have learn from very smart people, but at the time I may not be conscious of this fact. However I believe in giving credit whenever it's due, I will quote in this cases.
- By nature I have a terrible memory, but I'm rather creative. One of the reason to writing the blog is to keep reminders for myself. To explain what I do for a living to family and friends and to create bigger network of like-minded people. I don't intent to be right a lot of the time. That is OK, I can still make a lot of money being right just 60% of the time as long as those winners are bigger than the losers.
- I try to focus on whats knowable and important. there are a lot of details I don't care about on purpose if I don't consider they fall in this area
- Most people by nature, focus on the short term. By focusing on the long term you gain a different perspective. And I would argue an advantage.
- The immediate future is always uncertain, and theirs always many many many reasons to do nothing.
- I tend to be overconfident (take this on account while reading) this overconfidence could increase my bias and miss important points.
- Finally! (and I'm repeating myself) do your own thinking, homework. I may tell you when I'm buying something, what if I forget to tell you when I sold it? what if I don't tell you how much of that something is a good idea to get? what if I'm wrong?
- Fail fast and reiterate.
- Find the facts
- It takes a lot of work to do it right.
- I follow value investing. I think that if you put the time (multiple hours a day( you can find stocks that would beat the Market (S&P 500), theory though on universities would argue that this very unlikely.
- Value is subjective. And there are multiple ways and situations that would require different valuing metrics. Just like a handy needs different tools to fix different problems. But at the end of the day. The value of an investment is the cash you can take out of it, tacking on account time and risk (discount rate).
- Diversification protection against ignorance.
- The most important rule in investing your money is "position sizing".
- I invest in real estate, business and stock. I consider stocks small pieces of a business. And I intend to keep this investments for many years. I don't consider myself a trader, but I use a lot of their way of thinking.
- It takes a lot of work to do it right.
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