We Study Billionaires - The Investor’s Podcast Network TIP463: Investing for Profit and Joy w/ Howard Lindzon
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Jul 8, 2022 In this episode, Howard Lindzon, a hedge fund manager and entrepreneur, shares his unique perspective on investing. He argues that the stock market is rigged, urging listeners to treat investing like a game. Howard emphasizes investing in companies you love, drawing inspiration from Peter Lynch, and introduces his intriguing '8 & 80 rule.' He discusses the power of social media in trading, particularly through platforms like StockTwits. Most importantly, Howard encourages cultivating joy in investing, proving that it can be both profitable and fulfilling.
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Risk Management and Diversification
- Lindzon advises diversifying and managing risk, even if it means selling winners.
- He believes managing personal risk tolerance is crucial.
Qualitative Risk Management
- Lindzon manages risk qualitatively, considering his emotional response to investments.
- Journaling helps him track his feelings and make better decisions.
Amazon Investment
- Lindzon invested in Amazon early on due to AWS, recognizing its potential to power startups.
- He saw it as selling picks and shovels to a growing market.