Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#142 – September 16, 2024
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Invest like a Stoic
I’ve published a lot of articles on Stoic investing over the past few years. I always focused on passive investing.
In my latest article, I share how you can use Stoicism to pick stocks. I share my two current biggest positions outside my passive strategy.
One of my picks is Tesla, which I bought in April of this year. In my view, the company was undervalued at that time. I saw an opportunity, and I started buying.
If you’re interested in picking stocks, read my latest article. I talk about my mental models for investing in individual stocks.
↳ Invest Like a Stoic: Focus on the Best and Ignore the Rest
One interesting thing
I want to share a somewhat unusual quote with you today. This is from the fictional biography of Bret Easton Ellis, called Lunar Park:
“The newspapers kept stroking my fear. New surveys provided awful statistics on just about everything. Evidence suggested that we were not doing well. Researchers gloomily agreed… Anxiety was soaking up most people’s days. Everyone had become preoccupied with horror. Madness was fluttering everywhere.”
He was talking about the mindset of people in the 90s. When you read it, you think he’s talking about today. He also wrote:
“Cruelty was on the rise and there was nothing anyone could do about it. The populace was confounded, yet didn’t care.”
Isn’t that fascinating?
Madness is still fluttering everywhere. It makes you think. That’s probably our normal state of mind.
And if something is normal, it’s nothing we should worry about.
Keep going.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
Join the 7-day Stay Centered challenge
I’ve created a one-week email course that you can do together with a group. It’s called Stay Centered, and it will help you to reclaim focus and live a meaningful life.
When you’re centered, nothing can hurt you. You will have inner peace no matter what happens.
How to unlock Stay Centered
You can join the challenge for free. Every day, you’ll receive a short email with a small challenge that inspires you to live better.
I highly recommend sharing it with your friends so you can go through the program together. I did it with my team, which was a lot of fun.
Join here: dariusforoux.com/stay-centered