Investment Community #5

In this episode (the second of two) Dave tells:

* How to finish first, first you must finish

* How being right can be uncomfortable 

* How important it is to know yourself.

We also discussed:

* How crypto is a con that works if everybody believes, and how that is also true for gold and fiat currency

* How negative real interest rates means we no longer have a yardstick of risk-free return, but rather return-free risk

* How regulation is a massive tax on the investment industry, which delivers no safety benefit for the end-investors.

Dave Foord is CIO of Foord Asset Management, a firm he founded in 1981. He began his investment career in the late 1970s with a three-year stint as an industrial analyst at Old Mutual.

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