"The combination of stubbornness and logic. I see these as two fundamental skills that every successful investor should possess. And the third one is emotional discipline, because you are your greatest enemy in investing. And you must always ask yourself are you making decision based on your emotions. Are you seeing the information from all different angles are you just picking up the information that confirms your thesis your bias. But I think that's something that can be learned."
Leon Wilfan is the Chief Investment Strategist for Lahardan Financial. In his early 20s, Leon started a career in real estate, working alongside his father to learn the principles of value investing. After five years, he took a break from his career to pursue an MBA degree at the prestigious Vienna University of Economics and Business. Vienna University is the birthplace of the Austrian Economic Theory, a way of thinking that explains that the reality of economics cannot be captured by mathematical models, but rather by the behavior of individuals on the market.
We talked about
- Making your investing mistakes when you are young
- Acknowledging that there is risk in investing
- Being careful to avoid dubious financial products and get-rich-quick schemes
- Avoiding leveraged products that magnify gains and losses
- Riskier corporate bonds
- Diversification and asset classes
Lahardan's research has been featured on CNN, Money Life, Newsmax, Value Walk, and Wealth Professional CA. This research receives millions of views every month.
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