The Timeless Investor Show Marcus Aurelius - The Inner Game of Investing
6 snips
Apr 29, 2025 Explores how Stoic philosophy influences investing, entrepreneurship, and leadership. Discusses focusing on what you can control and preparing mentally and financially for setbacks. Covers practical Stoic exercises to build resilience and emotional discipline. Shares personal stories of crisis and creative problem solving under pressure.
AI Snips
Chapters
Books
Transcript
Episode notes
Control Your Underwriting And Reserves
- Know what you can control and focus effort there to gain clarity in investing decisions.
- Arie van Gemeren lists underwriting quality, conservatism, and reserves as controllable levers that reduce downside risk.
Always Hold Adequate Reserves
- Control capitalization by building adequate reserves and avoid buying with the last penny you have.
- Arie warns that being thinly capitalized is the number one way to go broken in real estate.
Premeditate Downside Scenarios
- Prepare for adversity by premeditatio malorum: deliberately visualize what could go wrong for each deal.
- Re-run underwriting for worst cases like falling rents, spiking cap rates, or higher interest to mentally and financially fortify plans.
