Best of MFM: Listen To This Before You Invest Another Dollar

How would I take 10K and turn it into a million? Circa 2025, you cannot go into the S P. The S P is overheated. So what I would do is I would treat Berkshire Hathaway as the index. If you bought the S P when the PE ratio is 23, your annualized return over the next 10 years was between 2 and minus 2. That's all you have to know. Buffett's made at least 400 investment decisions. He's saying 12 are the ones that matter. The god of investing has a 4% hit rate. Investing is an infinite game. You don't really win all news if the players just decide to drop out. Don't be such a freaking idiot. The riskiest thing in the world is the belief that there's no risk. When the time comes to buy, you won't want to. If I said what's the number one trait? that makes a great investor, what comes to mind. I feel like I can rule the world, I know I could be what I want to

I put my law in it like my day song On the road let's travel now So let's play a game. You're my coach. You're my investing coach, let's say. And I have ten thousand dollars. And I want to turn it into a million. Right, podcast called My First Million. I want to go from ten K to a million.

So that's a hundred X. How would I take ten K and turn it into a million? The thing about investing is that Opportunities are not going to show up. Just because you have the cash.

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