Dave Ramsey often shares some great bible quotes about the basics of personal finance. Obviously not a finance specific book I know haha "Borrower is slave to the lender" “A wise man thinks ahead; a fool doesn’t and even brags about it!”
Really intereesting video Toby! Not going to lie, I wasnt expecting quotes from Seneca and Eudicas in a finance video, but it shows how universal finance and pyschology are
This 14 minute video is simply incredible. I almost reacted to the constant bombardment of “news” from the likes of Motley Fool and MW watch, when a short time ago Nvidia’s price dropped 25% from its all time high. They were very convincing and spoke with a kind of authority. Luckily I held my cool and proceeded to not only hold but purchased more shares. I’ve just now brought a copy of this book. Thank for a excellent lesson.
Thanks for watching Chris - and enjoy the book! It’s a bit of a weird one but they’ve done well with the translation removing a lot of the unique fluff!
Salutary video Toby, so often when things go slightly off track we questions ourselves and are tempted into making poor decisions. Index and Chill for the long term and trust the market. Very interesting chart at 11:05. Very informative.
Thanks for sharing! I will add this to my reading list. Currently I’m reading Money: The History of Humanity by Davis McWilliams. If you’re a finance and history geek, you’ll love this book. 😄
Many thanks for this, very much enjoyed it. Sounds like a good book. Read about the 'merchant adventurers' and the origins of the London Market in C16th over the summer, likewise we are not so different in our optimism and fears!
Pretty sure Britain's East India Tea Trading company (a behemoth) was 'at war' with Holland's East India Trading Company (also a behemoth) and the two had a spice-trading war going on for quite some time. Funny how their company names are also very similar.
Thanks again Toby. I would love to see a bit of a deep dive on precious metals and crypto with what you've learned over the years. Some common sense facts from an honest guy on these topics would be great
I must admit, I have started a shift around of my portfolio as the Life strategy seems to be growing but not as well as the other funds I hold (which have less money in) so conducting a balancing. I think that is allowed as long as I carry on depositing every month.
Hi Toby, Thank you very much. I've been watching your (and a few other people's) videos for a few weeks. It has totally inspired me to get a grip on my own finances and start working on growing my retirement pot. I'm in my late 40s, and so late to the game, but I've still got 20 years to try and make a difference. I started a blog, documenting my steps, in the hope it helps/inspires others. In it, I've listed your site as one to watch. I hope that's ok? (I've not posted the link as I'm not trying to upsell via your channel, but I can let you have it via a pm, if you want to check the content').
I'm starting to realize it's possible to be a prince and a speculator at the same time. Not when this book was written, since there was only one stock. But now it's possible to buy and hold some highly volatile, highly speculative investments and never sell them. They are so obscenely risky as to be like gambling, automatically rolling the dice continuously throughout each trading day, but buying and holding puts the odds in your favor. Gamblers have a high risk tolerance. If you're going to gamble, when not do it smartly by buying and holding?
Its just human nature Toby humans will want to do something to affect change in almost every circumstance. I have been changing the company i invest through as the platform fees are one of the few things i can control. I occadionally buy into a sector if it has an unjustified slump ie Japan recently and my overall feeling is that interest rates will fall which is usually good for smaller companies. The market is all about sentiment currently though when AI gets going who knows.
Last one = The Motley Fool 'If I had £x, here's how I would invest' series.😂 Anyway, Joseph was a fine man and we had many conversations about pensions, naturally.
This poor guy died at 42? Man!!!! Also remarkable he was able to make all these observations considering that he could realistically only be involved into the stock market by say 20 years or so.
@@TobyNewbatt Correct. However these ancient age expectation measures usually also take child mortality into account. If you correct the statistics for this people hundreds of years ago also could become very old.
It's amazing how little human nature changes... I love the idea of being more like a "prince". It's a good reminder to not get swept up in all the hype and stick to your strategy. That said, I do think it's important to stay informed, even if I you should not react to every bit of news or chimera- Got to find that balance.
As I like to say: The greatest lesson we learn from History is how few people learn from History...
Thanks Toby, an interesting Sunday morning watch!
My pleasure!
"Just do nothing", Nike's legendary rejected slogan.
😂😂😂
Fantastic video, what a lot of hard work you put into it Toby.
Great piece of reflective research, it’s great to have a fresh perspective of old news.
Dave Ramsey often shares some great bible quotes about the basics of personal finance. Obviously not a finance specific book I know haha
"Borrower is slave to the lender"
“A wise man thinks ahead; a fool doesn’t and even brags about it!”
Very nice work
Thank Toby😊
Really intereesting video Toby! Not going to lie, I wasnt expecting quotes from Seneca and Eudicas in a finance video, but it shows how universal finance and pyschology are
This 14 minute video is simply incredible. I almost reacted to the constant bombardment of “news” from the likes of Motley Fool and MW watch, when a short time ago Nvidia’s price dropped 25% from its all time high. They were very convincing and spoke with a kind of authority. Luckily I held my cool and proceeded to not only hold but purchased more shares. I’ve just now brought a copy of this book. Thank for a excellent lesson.
Thanks for watching Chris - and enjoy the book! It’s a bit of a weird one but they’ve done well with the translation removing a lot of the unique fluff!
Thanks another fantastic informative video!
Thanks Toby, really interesting video on lessons from history. It’s all happened before, but gets little attention.
Terrific video this Toby
That was really tasty Toby. Thanks a lot!
Salutary video Toby, so often when things go slightly off track we questions ourselves and are tempted into making poor decisions. Index and Chill for the long term and trust the market. Very interesting chart at 11:05. Very informative.
Thanks for sharing! I will add this to my reading list. Currently I’m reading Money: The History of Humanity by Davis McWilliams. If you’re a finance and history geek, you’ll love this book. 😄
Many thanks for this, very much enjoyed it. Sounds like a good book. Read about the 'merchant adventurers' and the origins of the London Market in C16th over the summer, likewise we are not so different in our optimism and fears!
Pretty sure Britain's East India Tea Trading company (a behemoth) was 'at war' with Holland's East India Trading Company (also a behemoth) and the two had a spice-trading war going on for quite some time. Funny how their company names are also very similar.
Thanks again Toby. I would love to see a bit of a deep dive on precious metals and crypto with what you've learned over the years. Some common sense facts from an honest guy on these topics would be great
I must admit, I have started a shift around of my portfolio as the Life strategy seems to be growing but not as well as the other funds I hold (which have less money in) so conducting a balancing. I think that is allowed as long as I carry on depositing every month.
new york (new amsterdam) was founded/controlled by the dutch also.
Faith restored, thank you.
Thanks for sharing Toby. Recommend purchasing the book to read in full?
Great stuff
Thanks :)
Hi Toby, Thank you very much. I've been watching your (and a few other people's) videos for a few weeks. It has totally inspired me to get a grip on my own finances and start working on growing my retirement pot. I'm in my late 40s, and so late to the game, but I've still got 20 years to try and make a difference.
I started a blog, documenting my steps, in the hope it helps/inspires others. In it, I've listed your site as one to watch. I hope that's ok? (I've not posted the link as I'm not trying to upsell via your channel, but I can let you have it via a pm, if you want to check the content').
It's different this time.... :)
Fantastic video Toby! Super interesting, where do you find all these weird and wonderful books 😂.
I read it in passing and heard it was the oldest book about the stock market so it was an instant buy 😅
I'm starting to realize it's possible to be a prince and a speculator at the same time. Not when this book was written, since there was only one stock. But now it's possible to buy and hold some highly volatile, highly speculative investments and never sell them. They are so obscenely risky as to be like gambling, automatically rolling the dice continuously throughout each trading day, but buying and holding puts the odds in your favor. Gamblers have a high risk tolerance. If you're going to gamble, when not do it smartly by buying and holding?
Index and chill
Its just human nature Toby humans will want to do something to affect change in almost every circumstance.
I have been changing the company i invest through as the platform fees are one of the few things i can control.
I occadionally buy into a sector if it has an unjustified slump ie Japan recently and my overall feeling is that interest rates will fall which is usually good for smaller companies. The market is all about sentiment currently though when AI gets going who knows.
Last one = The Motley Fool 'If I had £x, here's how I would invest' series.😂
Anyway, Joseph was a fine man and we had many conversations about pensions, naturally.
The condition of India ..Pls
I don't think I could barter in tulips.
The good old days - when flowers meant something 😂
Will people ever learn ? !!!
Nope 🙃
Hopefully not. 😂
This poor guy died at 42? Man!!!!
Also remarkable he was able to make all these observations considering that he could realistically only be involved into the stock market by say 20 years or so.
I guess this was probably very normal at the time if not pretty good. I think the average was about 35 innings the 16th century
@@TobyNewbatt Correct. However these ancient age expectation measures usually also take child mortality into account. If you correct the statistics for this people hundreds of years ago also could become very old.
Exotic goods, urm slaves??
Investing advice of the Talmud
Invest 1/3 in land, 1/3 in business, and 1/3 in gold
Plunder and loot.
Or u could,d join a onion me boy
That book doesn't apply though to the investing genius - Nancy Pelosi.
😂😂😂
It's amazing how little human nature changes... I love the idea of being more like a "prince". It's a good reminder to not get swept up in all the hype and stick to your strategy.
That said, I do think it's important to stay informed, even if I you should not react to every bit of news or chimera- Got to find that balance.
Absolutely!
As a Jew, investing is part of my religion and borderline compulsory. We believe that wealth is contagious.
There is no nobility in poverty
Lol nice.