Stop Chasing the Next Big Winner: Research, Risk and Investing Discipline | Bret Rosenthal

Send us Fan MailIMPORTANT: This episode is provided for education and historical commentary only. It is not personalised investment, financial, tax or legal advice.Successful investing is not simply about finding the next share, cryptocurrency or commodity that might deliver an extraordinary return.It is also about research, risk, behaviour and protecting yourself from decisions driven by fear, greed or ego.In this episode, Peter Boolkah speaks with Bret Rosenthal, founder of the ARMR Report, now ARMR Investing. Bret discusses the processes he applies when researching ideas, managing risk and separating an investment thesis from the decision to commit capital.The most useful principle is straightforward:Your portfolio should not be the place where you test an unresearched idea.You’ll hear about:Why an interesting idea is not automatically an investmentResearching an opportunity before committing capitalThe difference between an investment thesis and its executionWhy risk management must be considered before potential returnsWhen temporarily holding cash may be a deliberate decisionHow investors become emotionally attached to positionsThe danger of searching for one life-changing winnerWhy extraordinary returns usually involve extraordinary riskLearning from smaller mistakes before managing larger amountsHow ego can prevent someone from exiting a failed positionThe importance of matching an approach to your available timeBret’s distinction between growth, dividend, index and ETF portfoliosWhy goals and risk tolerance should influence investment decisionsRECORDING AND RISK NOTEThis conversation was recorded in 2022 during a specific period of inflation, interest-rate changes, falling technology markets and disruption following Russia’s invasion of Ukraine.References to the Federal Reserve, gold, energy, pipelines, cryptocurrency, ARK funds, commodity cycles, yields and individual market positions reflect Bret’s views at that time. They should not be interpreted as current recommendations.The conversation also discusses algorithms, stop-losses, options, day trading and hedge-fund-style strategies. These techniques can produce substantial losses and will not be appropriate for every investor.No investment strategy guarantees a profit or eliminates risk. Before acting, consider your financial circumstances, objectives, time horizon, diversification, fees, tax position and ability to absorb a loss. Consider consulting an appropriately licensed and regulated financial professional.CONNECT WITH BRET ROSENTHALARMR Investing: https://armrinvesting.comLinkedIn: https://www.linkedin.com/in/rcmllcCONNECT WITH PETER BOOLKAHWebsite: https://www.boolkah.comLinkedIn: https://www.linkedin.com/in/boolkahInstagram: https://www.instagram.com/pboolkah/Facebook: https://www.facebook.com/BoolkahX: https://twitter.com/boolkahABOUT PETER BOOLKAHPeter Boolkah is a business coach, author and speaker who has spent more than 20 years helping business owners build stronger, more valuable businesses that do not depend on them for everything.He is the creator of The Hamster Wheel Trap® and author of Your Business Sucks: Build a Business That Works Without Destroying Your Life.Peter works with founders and leadership teams on the issues that ultimately determine whether a business creates freedom or becomes another job: leadership, founder dependency, people, profit, execution, scaling, exit readiness and enterprise value.His approach is direct, practical and built around one simple question:Do you own the business, or does the business own you?Learn more at https://www.boolkah.com