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The DIY Investing Podcast


Do you want to learn how to manage your own investments? Are you ready to stop paying investment management fees and start building wealth? The DIY Investing Podcast is dedicated to providing you with the knowledge, skills, and resources you need to be a better investor. Learn how to make investments through the use of fundamental analysis, mental models, and business management insights.

 

Please visit our website and subscribe to our mailing list at DIYInvesting.org for guides, videos, and resources to help make you a better investor.

Feb 28, 2021

Mental Models discussed in this podcast:

  • Signal vs Noise
  • Process vs Outcomes

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Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode111

Thesis - Eliminating your investment mistakes is the easiest way to improve your investment returns

  • What have been your past investment mistakes?
  • Are there any commonalities between them?
  • What can you learn from those mistakes?
  • Don't repeat the same mistake!
  • Make sure you're learning the Right Lessons

Example: A brief discussion of GameStop

GameStop is a good example for me to learn the right lesson. I had to identify the difference between signal and noise or process and outcomes. These mental models have served me well going forward. 

Summary:

A focus on eliminating your investment mistakes is the easiest way to improve your investment returns. Don't repeat the same mistake twice by making sure you learn the right lessons. Signal vs Noise. Process vs Outcomes.