Hi everyone. I'll record an interview with Brandon from the New Money YouTube channel on Thursday. If you have any questions you want me to ask him, share them below ⬇️
If you prefer to consume some of my content in written form, I just set up a blog: renesellmann.substack.com
New YouTube achievement
Complete this sentence: money means ____ to me.
Just letting you guys know that I have an incredibly busy week ahead and you should not expect a video this week. Hopefully I can produce one next week, but as we‘ll throw our wedding party on June 1, the week ahead will likely also be quite tight.
Talk to you soon in the comment section!
You've requested this for years: I finally recorded a 30-minute video in which I reveal my current portfolio. Stay tuned!
“So we really like things that you don’t have to carry out to three decimal places.
If you have to carry it out to three decimal places, it’s not a good idea.
And, you know, it - with something like PetroChina - it’s like if somebody walked in the door here and they weighed somewhere between 300 and 350 pounds. I might not know how much they weigh, but I would know they were fat. That’s all I’m looking for, is something that’s financially fat. And whether PetroChina weighed 95 billion dollars or 105 billion didn’t make much difference. It was selling for 35 billion."
- Warren Buffett
We made it! It’s my 34th birthday today and this is a wonderful present. A big thank you to every single one of you! Have a lovely day.
WRONG answers only:
What's the best way to invest successfully?
Managed to upload two videos in a row. We're around 35 subscribers away from the 10,000 milestone. I'd love to hit before my birthday in 5 days. Let's see if the algorithm can help me out!
Invest Intelligently in Stocks – I teach how to find great companies to invest in, avoid expensive investing mistakes, and earn above-average returns. I believe that average people following Warren Buffett's investment philosophy with a long-term investment horizon can compound their money effectively and build wealth.
Helping experienced investors but also beginner investors making smart financial and investment decisions is the mission of this channel.
In my view, the the most common mistakes investors can make are:
• overestimating their ability to truly understand the business
• overestimating the strength and sustainability of a company's moat and misunderstanding the nuances of the competitive advantage.
• underestimating the risk of leverage
• underestimating the importance of the management team and the power of incentive structures
• being unaware of their own biases
• selling long-term winners too early
• rationalizing investments in mediocre companies