Some people say that the market is efficient. Maybe it is today, who knows? But between 1967 and 1995 it sure wasn't. How else could Michael Steinhardt realise a compound annual growth rate of 𝟮𝟰.𝟳% (𝗖𝗔𝗚𝗥)?

If you want to be a bit more like Steinhardt, try following his 𝘀𝗶𝘅 𝗴𝗼𝗹𝗱𝗲𝗻 𝗿𝘂𝗹𝗲𝘀 of investing:

❶ Make all your mistakes early in life.

❷ Always make your living doing something you enjoy.

❸ Be intellectually competitive.

❹ Make good decisions even with incomplete information.

❺ Always trust your intuition.

❻ Don’t make small investments.

Interesting to know is that Steinhardt charged his investors a 1% management fee and a 15% performance fee, which he later increased to 20%. When you're copy trading 𝗼𝗻 𝗲𝗧𝗼𝗿𝗼, 𝘆𝗼𝘂'𝗿𝗲 𝗻𝗼𝘁 𝗽𝗮𝘆𝗶𝗻𝗴 𝗮𝗻𝘆 𝗳𝗲𝗲𝘀! Give it a try at https://www.etoro.com/people/lodeblomme

If your money goal is somehow related to a specific amount of money (e.g., you’d like to make enough money to buy a boat and sail around the world), break it down into emotions you’re after. You’re not after the boat itself – you’re after the thrill, the sun on your face, the calmness of the sea, the smell of the ocean in the morning, and pure enjoyment of the adventure. It’s thinking about these things that will fire you up rather than thinking about the act of buying a boat or what kind of an interior your boat will have.—Martin Meadows in the book "How to Think Bigger"