RICHER, WISER, HAPPIER (BY WILLIAM GREEN)

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Why do you want to be an investor?
Many would probably say that they are interested in investing because it’s a way to make money without working. Or that it would be cool to generate wealth by merely outthinking others. Or because they want to be wealthy enough to quit their job and be their own boss.
Well, investing can do that for you. But if you only think in terms of what the money generated from investing can bring you, you are missing a bigger point. Investors win both in life and in the markets by finding ways to improve the odds of success. If you act like this, you are not just likely to get richer than most, but also wiser and happier.
This is a top five takeaways summary of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life. Written by William Green. And this is The Swedish Investor, bringing you the best tips and tools for reaching financial freedom, through stock market investing.
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My main tool for fundamental screening and analysis of stocks: tikr.com/tsi
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Timestamps for Richer, Wiser, Happier:
00:00 Intro
01:02 Be a Copycat
03:25 Invert, Always Invert
05:44 Focus on the Ultra-Long Run
08:35 Decisions Made Under Uncertainty
11:38 A Non-Perfect Perfect Strategy
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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@Wrex327]

What a coincidence, I have just read this book. Great read, recommend it to everyone. I am just going to watch the video for quick repetition.

[@christolentino]

Love that book! Highly recommended!

[@Value_Pilgrim]

I purchased this book and went through it. Its excellent and useful. Now reading "Zen and the Art of Motorcycle Maintenance"

[@gao1748]

thank you for educating us!

[@k.6160]

It is a great book!📘

[@EasyEnglishwithAli123]

Currently reading and love it. So dense with good info. Think I'm going to have to give it another read when I finish.

[@oscarreed6629]

Yeah i did the same

[@dothex4919]

This is great! Thank you.

[@karan9868]

Cheers guys!

[@yasirnoori4848]

Love your contents The Swedish Investor.

[@vancouversworstdrivers]

Great advice!

[@mr.siddharthtyagi]

A very satisfying summary 👌

[@emilhagberg5105]

Bra grejer! Fortsätt.

[@markusekkelenkamp8200]

thanks

[@myeconomy9807]

Wow, what an inspiring video! William Green's insights on how to live a richer, wiser, and happier life are truly eye-opening. His advice on the importance of investing in experiences and relationships rather than just accumulating wealth is refreshing in a world that often values material possessions above all else. I'm curious to know if you've implemented any of his principles in your own life and if so, how have they impacted you? Have you made any changes to your priorities or habits based on what you learned in this video? Let's start a conversation in the comments and share our experiences and insights. Remember, true wealth isn't just about money, but about living a fulfilling and meaningful life. Let's learn from William Green and strive to become richer, wiser, and happier every day.

[@garmond6946]

My favorite channel on YT Do you plan on "retiring" early? Do you have a day job outside of YT & investing?

[@IoRisparmio]

Absolutely amazing video!

[@alexisbudzisz]

Where is the trumpet sound @5:42 from? There was a show in Brazil in the early 90's that had that exact sound as they're opening. Not similar, *exactly* the same, my mind is blown.

[@teamhonzilla]

Please don’t ever leave us!!!

[@enricoloco8560]

love your channel

[@Kaloyan.Dimitrov]

Love the book, very easy to read and it is more about psychology and having the right habits rather than investing

[@scaffmeister9844]

Too late Swedish investor I already read the book..this recap would have been enough for me..same, same but different!

[@hemantkumarsaxena7101]

Thank God. Welcome back

[@TheSwedishInvestor]

Cheers Hemant Kumar saxena! 🙌

[@redKheld]

That sculpture looks awfully familiar haha... Anyway, would the P/E ratio being under a certain amount be an average of all your holdings? Isn't there always exceptions? Unless that is just knowledge and expertise we must strive to learn at some point in our lives. I'm slowly leaning into more value investing and inverting my line of thinking. It's tough when you're in the moment but can be so satisfying when you're right for once and being patient. I'm hoping to back away from volatile popular stocks, like TSLA, and finding more things within my circle of confidence and things that have much less eyes on them. And never to follow the pack.

[@agustinlozano6392]

Hello I would love to know the programs you use for your videos thanks

[@diegoalvarado7690]

I love your videos man they are si easy to understand stsnd and keep you engage

[@timoverdijk3176]

Fantastic marble turned into icebear while investing

[@RolfStumpfRailMedia]

One of my favorite channels.

[@TheSwedishInvestor]

Alright, the second try at uploading this video. I thought it contained a major error, but apparently, my brain had only betrayed me in the title and not in the video itself. I took the previous video down in a desperate move, only to realize that it was just the title that was wrong. Anyways, here it is again 30 minutes later, hope you enjoy 🙌

[@geg5274]

Ah yes thought i had a brainfart, no wonder i had dejavu when seeing the notification for the second time lol

[@bdo3634]

Haha I also thought when did I miss this book by Robert Green

[@Dziad_Borowy]

Where do you buy your stocks? Can you recommend a trading platform (preferably one that works in EU)?

[@whispie.]

Great video

[@captainawasome8985]

Jim Simons (Renaissance Technologies) has an interesting concept. A bit much AI trading though.

[@enriquemanzano4665]

Genial chanel.

[@sjp.5880]

14:17 “Being dissatisfied while getting aids is a horrible way to live” 😂 me here

[@lakhangangurde190]

Very very nice video sir 👌... I love your video.. ❤️

[@BlackBull_Markets]

Great content, keep it up

[@michaelcanaan5278]

I love the Swedish investor

[@qrvvviper2660]

intresting :)

[@silverygold.6118]

apperciate the stuff you put out man keep it up

[@brunomanco7529]

PE higher than 12 at the time you bought, or now? You sell them when they pass this level and search for others under it? I have a couple that are near 20, but since the dividend is soo good (related to the price i bought them) i have a hard time ro sell them

[@peanutbutterkong9362]

interesting numbers on return for Pabrai. Are those accurate? funny how his performance happened around '01 & it's Fund II. did fund 1 stink around the tech bubble in '01?

[@JuanBattaglia45]

When I started investing, my hugest mistake: Try to find a 'perfect system' while sitting in cash (some years).

[@Allen_Leigh_Canada]

Doing somethig is better than idling. Takeways #5 rephrased: It doesn’t have to be all or nothing. As long as you are directionally right, making progress is more important than being perfect. :)

[@JuanBattaglia45]

​@@Allen_Leigh_Canada And... it's impossible to be perfect. So, we must START and improve every day :)

[@rzvrzv1999]

I do not understand what is wroung with companies with pe greater than 25? why should i risk capital with bussinesses with pe inder 10 that can go bankrupt?

[@pabloasensiotorres8205]

This channel is genuinely one of the best sources of knowledge I’ve come across. Keep up the good work

[@sachtaichinhvn_]

Sorry, can I ask what kind of editing did you use to make a video like this?

[@chillones9574]

I never clone Buffett, however when he bought apple I bought more and when he bought OXY I went and got it around12$-16$ one summer. Lets just say those two really did ok.

[@chintanchandiwala698]

Please make summary video for Thou shall prosper

[@financialwisdom432]

Yesss

[@thebookishinvestor]

Amazing video!👍 Inspired to read this book🙌

[@vishalghosalkar3013]

loved your book review. can you please a book review on 'where are the customers yatchs' by fred shrewed

[@seva9375]

Having under 5 Stocks is the Buffet, Pabrai, Li Lu approach. So i dont see the Problem. Also is a PE Ratio of 25 not a red flag. For example Alibaba has a PE Ratio of 154 and Charlie Munger holds it.

[@007_Sun_Tzu]

It all depends on personal parameters...154 for a monopoly is nothing 🤣

[@jarredwoolis4929]

Baba pe is due to chinese holdings tanking and accounting laws. Baba was recently selling less than 10 x FCF with 70B in cash and many parts of the biz still in growth.. P/E is irrelevant

[@peanutbutterkong9362]

@@jarredwoolis4929 maybe that was GAAP PE in a quarter that Seva was quoting, that maybe had asset writedowns of some of their investments....yeah something like a 10% yield.....besides cash they also have investments in a lot of places as well, most likely biggest value is in their Alipay holding that could be worth a large chunk of their market cap...bigger issue is no one bothers to know anything about GAAP, non GAAP, appropriate ways to normalize earnings (seeing some asset that they still hold and was marked down almost to zero & assume that same thing now with a stated value of zero can somehow have a multi billion loss reoccur next year).....also Pabrai claims to have 10 holdings but only US holding show in 13F so you really don't know if you aren't in the fund....

[@yes1455]

Please could you do a video on Tim Hale Smarter Investing

[@John-stellar]

Can someone please tell me, which software/app can be used to make such beautiful infographic video?

[@John-stellar]

@WILDEZT thank you

[@sirkiz1181]

Hey, love the content. Was wondering what your thoughts are about starting a discord server where people can discuss stocks and financial ideas and whatnot. Would be nice to have a community where we can actually communicate

[@brianboogie9700]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[@mihailkondov4773]

Read some of the books reviewed on the channel, like for example "Security Analysis", "The Intelligent Investor" or "Margin of Safety". Also tech stocks are a lot harder to analyze than something like a lumber mill company.

[@Ivy-fr9yh]

I can't help you but here's what I did, Ive gone to the libary and read every book on stocks and mindset there is. There is still many left. Second is to consume content like this and also mimick the first point of this video. But, I've just myself started

[@jpb5524]

It is because you have made the mistake of starting by investing in companies. You must be very studious of the numbers of each company and the moment of the market to do that. And it's not easy. You should start by investing in ETFs, which contain groups of companies, so you invest in a sector of the market and not an individual company.

[@devasanthosh966]

bro please explain all buffet letters with animation it help full for us

[@Allen_Leigh_Canada]

Takeways #5 rephrased: It doesn’t have to be all or nothing. As long as you are directionally right, making progress is more important than being perfect. :)

[@chulangaaverilhettiarachch3267]

To the person reading this: Even though I don’t know you, I wish you the best of what life has to offer ❤

[@aliff7108]

Do you have any take about low volume for low market cap stocks? I believe that it is very favourable as a small sum investor to enter because it shows lack of interest and research about the stock which help us gain advantage. I would like to have a video about any book regarding this matter if possible. Great video btw. Really appreciate your effort to continue this knowledge journey.👍👍

[@maxschoon2470]

I find it interesting how your way of thinking is comparable to mine, including the gym and other metaphors. Perhaps it has something to do with the algorithms.

[@MarvinxJavier]

This is an investor's book and ideology, i do not discount the fact that there are day traders who are very successful in trading.

[@arnaudloeffel1564]

I think that chatGPT has just put a blow to your business model.

[@arnaudloeffel1564]

@WrlteMe ┼ 𝟏⑤⑦①④①②⓪①①⑤ Chat GPT makes quite effective summaries, in 10 seconds and develops the points you want. Moreover it gives you ideas of application of the ideas present in the books on subjects and themes that you give him. for example i am a landlord with a large number of apartment units, and ask him to apply the ideas in the book. he will give you 5-6 very precise and absolutely reasonable application ideas. I think this will clean up the internet a bit from the extravagant ideas based on ideology or morality. The negative point is that he doesn't know the books written after 2021. There may be a way out for you. I think that I am not teaching you anything and that you could test yourself.Please hire someone to read your texts... a female friend maybe. The accent we hear nowadays is making you lose customers. I hope I could help.

[@simonsmith-jg6wl]

What was that guy’s name who Charlie munger gave a share too Robert …..

[@ahmedhani2000]

Priceless videos as usual keep going man all support 👍🏻

[@willlagergaming8089]

Love you channel and content. But you have a pretty irregular upload schedule maybe he spent too much time to timesink activities.I think you should make a video about debt and credit score.

[@atibsamal2703]

♥️

[@angelstrong792]

Very nice, thanks for sharing & God bless!

[@fdadrtrttewrt]

I really enjoy your videos and look forward to them. This book was fantastic. Just look at the reviews. Its not just a great book on investing, but how to live as well.

[@mannenlegenden]

Been watching your videos for a while and I think they are top class, keep doing your thing mate :)

[@nordicexpat]

bor du i Sverige?

[@alchemist1387]

Thank you!!!

[@oreln640]

Did we just saw you for the first time? :)

[@TheSwedishInvestor]

Hehe, there are a few other videos where I'm present, but they are few and far between 😉

[@petterbjerke696]

Love your videos dude, but you are still young. You don’t get rich by diversifying. Having less then 5 stocks might drive you of the road yes, having much more at any given time will ensure that you stay in your day job!

[@jnb816]

Already read it twice. It’s an awesome book! I really loved it!

[@Af_learn]

-Those who keep learning will keep rising in life." -Charlie Munger

[@Dylanwindellor766]

I think after watching this book summary, I need to order this book for reading myself as well. It is very interesting content inside of books. Thanks for providing the quality content.

[@0RodrigoAguiar0]

Congrats on your videos. They are really well made and bring a lot of insights. Amazing to have this type of content for free 👏🏼

[@khidrjabrieel8905]

Are you using ChatGBT? Lol

[@remy2281]

❣️ Promo_SM

[@Kuyrim]

My man it been a long time

[@beat1riz]

Buffet looks like Elton John in some pictures...

[@personalfinance2000]

I would be quite dissatisfied to get AIDS though so I will be skipping that part of your advice (just kidding I know u mean 8's)

[@pornstarpat]

Great book! I have listened to it on audible multiple times!

[@user-qn9uc3vk3y]

hello can you leave your telegram

[@fmalexander5555]

HEX HEX HEX 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀