Phil outlines, “The Scientific Method for Investing.”
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In Episode 12 You Will Learn:
1. Be wary when approaching investing with a macro perspective. The world is very difficult to predict and complicated.
2. What is blue pill investing = the reality pill (reference from the matrix).
3. Why when we buy a stock, we actually want the price to go down further.
4. Why we start with an event.
5. The definition of an event: The fear of investing in a company.
6. In the long-run we know that this business is actually going to go up. This is different from hoping it will go up.
7. The acronym of R.U.L.E.R.S.
8. “The scientific method of investing.”
9. What is a “Bear Case?”