@MjDeMarco Do you plan to write a book on investing?

[<__David__>]

@MJ DeMarco I have finished "Unscripted " and loved the investing portion. Will you be writing a book on investing and your methods? Who influenced you or what books did you use to influence your methodologies?

 

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[fastlanedoll]

I'm PRAYING for this.

 

[MJ DeMarco]

@MJ DeMarco I have finished "Unscripted " and loved the investing portion. Will you be writing a book on investing and your methods? Who influenced you or what books did you use to influence your methodologies?

Probably not...

However, I'd like to write book about the importance of mathematics as it pertains to wealth. Investing would be a subset in this material, but not in the conventional manner as espoused by the mainstream. As you know, I don't believe "investing" in the traditional sense (indexed funds, etc.) is a meaningful way to build wealth simply by virtue that it requires too much time while being reliant on a positive economy.

 

[fastlanedoll]

Can't wait. I was actually pretty good at math. I represented my school in a national competition. Didn't pursue it further though. Maybe if I understood some things I would have 'seen the light' earlier.

 

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[Deleted78083]

However, I'd like to write book about the importance of mathematics as

Agreed. I'd go even further, if my maths course had been finance course in highschool, god knows the attention i would have paid then.

 

[<__David__>]

Probably not...

However, I'd like to write book about the importance of mathematics as it pertains to wealth. Investing would be a subset in this material, but not in the conventional manner as espoused by the mainstream. As you know, I don't believe "investing" in the traditional sense (indexed funds, etc.) is a meaningful way to build wealth simply by virtue that it requires too much time while being reliant on a positive economy.

I'd be very interested in a book regarding math and how it applies to wealth.

Question

• It wasn't entirely clear what kind of diversification you do? Are you hyper focused on a few key investments that meet your criteria?
• How often are you checking your investments / applying your mathematical rules to sell or purchase more?
• You mentioned you sell during market turmoil for capital preservation. The key mantra of "you can't time" the market, does this ring true for you?

 

[MJ DeMarco]

• It wasn't entirely clear what kind of diversification you do? Are you hyper focused on a few key investments that meet your criteria?

You're asking questions from a mainstream investing prism. My *investing* strategy is purely on an income basis, or what's called "the paycheck pot" which is described in Unscripted , I believe Chapter 43. From a conventional wisdom perspective, I rarely use the markets for growing wealth -- I use it for income and liquidity. This is the consistent message I've been writing about for 10+ years.

My paycheck pot holdings are boring; utility companies, closed-end funds, municipal bonds, REITs -- anything with stable dividend growth and a stable business model.

• How often are you checking your investments / applying your mathematical rules to sell or purchase more?

I wrote about this in Unscripted so I'm not going to repeat it here.

I have some stuff at brokerages which I don't check very often, perhaps once per month. However my investments at my main trading account I check daily, only by virtue that I'm an active options trader. If I wasn't, then I wouldn't be checking but once per week or so, just to make sense of where things are, and if some type of move needs to be done.

• You mentioned you sell during market turmoil for capital preservation. The key mantra of "you can't time" the market, does this ring true for you?

I never said this. I don't try to time the market, I try to make the best investing decisions based on the available information.

I *sell* when I perceive things are overheated, economic conditions change, or something else comes to light. Often times, this is the right decision, many times, not. When it comes to my paycheck pot, I don't do a lot of selling unless things move up quickly and I can capture years of dividends in a matter of days or weeks. On the downside, I only sell when the material outlook for the company has changed both in the near and long term.

For example, in the CV crash, I didn't sell holdings, I added.

Again, I wrote about this extensively in Unscripted so I'm not going to recite it here.

As for my options trading, in my opinion, this is more suited to wealth creation. If that interests anyone, there is a 50+ page thread on the INSIDE detailing my philosophy there. That has worked marvelously for me, including this year.

 

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[mikemiller]

@MJ DeMarco I have finished "Unscripted " and loved the investing portion. Will you be writing a book on investing and your methods? Who influenced you or what books did you use to influence your methodologies?

Hi,
I would love to write a book about investing in commercial property. I have so many authors in my mind but basically am studying how investing happens in commercial real estate. Some paid sites like Enriched Data are giving information on the top investors, top invested commercial property for the month. Hoping it will be useful for anybody who is ready to draft a book.

 

[spinventing]

Probably not...

However, I'd like to write book about the importance of mathematics as it pertains to wealth. Investing would be a subset in this material, but not in the conventional manner as espoused by the mainstream. As you know, I don't believe "investing" in the traditional sense (indexed funds, etc.) is a meaningful way to build wealth simply by virtue that it requires too much time while being reliant on a positive economy.

@MJ DeMarco I would love to read a book on mathematics as it pertains to wealth from you. You have an interesting and engaging writing style. I have not read much, but from what I have read you are by far one of my favorite authors!