Investing Advice From Real Rock Stars
Some people are so good at investing that they become financial rock stars.
Warren Buffet is a financial rock star. His teacher, Benjamin Graham, proved that you’re never too old to be a financial rock star (or even alive for that matter),
Just like Grateful Dead fans are called Deadheads, fans of investor Jack Bogle, author of Bogle on Mutual Funds, are called Bogleheads.
Peter Lynch and John Templeton are up on that list of investment rock stars, too.
But what about real rock stars? Don’t you think they have financial advice? I think if you listen to some of the most famous rock songs, you’ll learn great investment lessons.
Cruel To Be Kind
You got to be cruel to be kind. In the right measure.
This tune by Nick Lowe offers great investment advice. Great investors find opportunities–in the right measure–in any market, no matter how cruel.
Taxman
Should five percent appear too small; Be thankful I don’t take it all.
The Beatles warn about the ability for taxes to eat into your returns. Although, later John Lennon advocated people giving up possessions. But he probably kept the Rolls just to be safe.
Fools Rush In
Wise men say, only fools rush in.
In this Elvis classic, the King of Rock and Roll explains how bubbles form in investment cycles. In this case, fools rush in where traders fear to trend.
(I Can’t Get No) Satisfaction
And I tried. And I tried. And I tried.
Greed and fear dominate the investment landscape. Perhaps Mick Jagger, an Economics major, is speaking about greedy investors in the market and their tendencies to hold onto investments too long.
You Better You Bet
You say you better. You better, you better you bet.
Is the Who speaking about optimizing (bettering) investment strategies (your bet)?
The Waiting Is The Hardest Part
The waiting is the hardest part
Every day you see one more card
You take it on faith, you take it to the heart
The waiting is the hardest part
Timing an entry is the most complicated part of an investment strategy. Just ask Tom Petty and his assorted Heartbreakers.
Related posts:
- Weekly Wisdom: How To Be A Rock Star And Other Financial Insights
- Is Buy and Hold Terrible Financial Advice?
- Why Most Trading Advice is Useless
- What’s the Best Financial Advice You’ve Been Given?
- Why Most Financial Advice Is Useless
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is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
