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If you've ever heard of Marco Marques, he's one of the greatest investors in history, right? Compared to the greats with Buffer Interlan, and he's the author of this book here, right? The most important for investors is the law. He has quite a few interesting insights that we can apply to our lives, in the financial market, in our investments, and I'm going to bring you three lessons to learn from this genius of the financial market.
So stay tuned to the video, and I'll show you... Hey guys, here I'm going to show you three lessons I learned from Marcos in this book here, a really cool, enjoyable read for those who are starting out in investing. Give the video a like, subscribe to the channel, that will help us. Before we get to the numbers, right?
I'd like to start a situation I encountered here at 18, right? You don't start your investment career with an already mature philosophy. It's the sum of many accumulated ideas derived from multiple sources over a long period. It's not possible to develop a philosophy without having been exposed to life's lessons.
So this shows that our investment philosophy is always being improved depending on our experiences. I can speak for myself. I've been in the stock market for three years and I don't care about a few setbacks anymore, you know? And that builds skin on you, so it 's not one thing. And you're starting out, understand some experiences, don't worry, you 'll start forming your ideas from your mistakes, always playing the game of progress.
The important thing is to stay alive in the long term. They are number one. We must have second-level thinking, and what does second-level thinking mean? We must have a more comprehensive thought, a deeper layered thought about a given subject, trying to increase our field of vision to make better decisions.
People with first-level thinking are content with simple formulas, with a simple answer, and make decisions from there. Second-level thinking looks for something more. So, it even shows that people at the first level with first- level thinking might say, "This is a good company, let's buy shares." Second-level thinking, on the other hand, has a more comprehensive thought, so it's a good job, however, everyone considers it a great prize, and so it is, therefore its shares are overvalued, let's sell.
Another first-level thinking scenario is low growth and rising inflation, let's sell our shares. The second scenario is bad, but all the others are. Selling, I'm panicking, let's buy then, it's quite interesting, it's not possible for us to do the same things that others do, wait, super, so we have to have my ear, the second lesson I took here, actually there are three, they are from how many chapters of the book, so he wants to talk about risk, it's about knowing, understanding and controlling risk, I understood this part of the book that not necessarily a risky thing will bring me higher returns, this correlation does not imply causation, it's simple to understand this, right?
And not always the riskiest things will bring me higher returns because, look, if the riskiest things are myths, these are more like, "Zé, you wouldn't be like that anymore," after all, it would be enough to seek the highest risk investing in that and expect it from everyone, but this is not necessarily a valid relationship, it also showed me that risk has to do with the time of your entry and, for example, it can be interactive, good assets that can become risky and bad assets that don't present so much risk, let me give you an example, if he has a well- founded company, a good company with good numbers, paying for that company, buying some investment in it at a very high price, I will be putting more risk on mine Now, if I buy my portfolio at a fair price or below its value, it's decreasing in Brazil.
It's just a matter of understanding, right? Knowing how to analyze? I've been recognizing this for 11 years. That's why the issue of control is also quite interesting. The best investor is the one who achieves the highest returns by taking a little risk, and not the other way around. So it's important for us to understand, and this part of the chapter also showed some ways for us to control risks and diversify our portfolio.
It talked about the club staying, leave a comment if you would like to know more about this Sharpe ratio. I found it quite interesting that risk control is the best way to avoid losses, on the other hand, probably also to avoid the sector. The third lesson I want to bring to you is that it's important to be attentive to cycle 1, and we must remember that almost everything is to be, even having a few certainties.
I know that the following statements are true: in the end, the cycle always prevails; nothing always moves in our direction; the waters don't rise to the sky; few things reach zero; almost nothing is so dangerous to the health of investors. To build a system without extrapolating current events into the future, so what he means by this is that we must understand that almost everything could...
It goes up and down, even the stock market, like a pendulum that oscillates between two positions, rarely in the middle, and the movement itself, reaching one side of the pendulum, makes it return to the other. So, if we have a bear market, you can be sure it won't reach zero; it will go down. If there's a note, we have to be aware that it will fall.
So, it's important to know and understand all the indicators that make sense when this pendulum is about to move, so that you understand your vision. So, the issue of portfolio balancing is a way to do this. It's well shown here on pages 157/158 some indicators in our economy that we can analyze. If we misjudge some terms, it's better to be careful.
So, the economy, right? If it's slow, positive or negative prospects, anxious creditors... Open capital market, restricted capital, in this case, easy and festive credit conditions, finding interest rates, holders... He lists here great indicators. We will be careful, right? Analyze this calmly and make our own decisions in a bull market.
Great personal investment. Trying to extrapolate the future, we have to be a little cautious at this moment. Market movements, verses, go up and down; the pendulum rarely swings for the fireman to be at the midpoint of the air. This will be a source of danger or opportunity, and investors must act against it.
So he says here that his answer is simple: we must try to find out what is happening around us, then use that to fragment our actions. Then, interestingly, we make the cycle work for us. So I conclude with the phrase, right, from Radio Max here. In this video, these three lessons, which are actually much more than watching, you read these books, completely dissected.
You can see here all the excerpts that I took from this book. So the phrase at the end tells me here: there are green investors, used investors, but there are no old investors, and Osasco.
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