Should I Stop Teaching To Become A Better Investor?

00:00:00.000 | All right, rapid fire.

00:00:02.740 | Got a question here from Kobe.

00:00:04.960 | Should I solely focus more on developing my skillset

00:00:07.920 | as a stock investor to the point

00:00:09.680 | where my skillset cannot be ignored?

00:00:11.680 | Or should I build my skillset as a stock investor

00:00:14.160 | and at the same time continue to teach live courses

00:00:17.480 | on stock investing?

00:00:19.880 | It's getting to a point where I feel like I have

00:00:21.480 | to convince people to join my program

00:00:23.280 | and that's getting draining.

00:00:25.080 | All right, Kobe, my general answer is focus on the stocks.

00:00:29.040 | All right, focus on the primary thing you're doing,

00:00:32.000 | which sounds like it's stock investing.

00:00:34.160 | The course is a side hustle that do it at this point

00:00:37.680 | only if it was entertaining or relaxing.

00:00:39.880 | You're finding it draining.

00:00:41.880 | Focus on the stocks.

00:00:43.760 | Presumably, if you're good enough at the stocks

00:00:46.300 | to be able to teach a course on it,

00:00:47.720 | you should be making more than enough money

00:00:49.200 | from the stocks to not need the course financially.

00:00:51.680 | If you need the course financially,

00:00:53.000 | then you're not good enough at stocks to teach that course.

00:00:55.500 | So I think we've got a great self-referential solution here.

00:00:59.540 | My tough love, specific answer, however, Kobe,

00:01:02.220 | is you're not gonna teach yourself to beat the stock market.

00:01:06.660 | Let me tell you this as someone who comes out

00:01:08.700 | of elite Ivy League schools where I've watched people

00:01:11.300 | go off to prop trading desk at Wall Street firms.

00:01:15.100 | The very smartest people in the world

00:01:17.320 | are incredibly well compensated to do nothing

00:01:19.480 | but spend all day training and executing

00:01:21.620 | the best possible plans to make money on the stock market.

00:01:23.960 | And even they can't consistently do it.

00:01:26.020 | I had a friend in college, I remember talking to him

00:01:29.260 | about his job a few years out of college.

00:01:30.900 | All he did was had CEOs, a small number of CEOs

00:01:34.580 | of publicly traded companies, and his whole job

00:01:36.880 | was to listen to every public announcement

00:01:40.640 | or discussion or conversation they ever have

00:01:43.620 | and really learn the nuances of this individual person

00:01:46.420 | so they could pick up just subtle edges

00:01:47.980 | in what's going on with this person's company.

00:01:50.060 | You're not gonna learn some momentum trading technique

00:01:52.440 | on the internet that's gonna have you consistently

00:01:54.300 | build the market.

00:01:55.940 | You are probably the sucker there.

00:01:58.060 | And so that's my tough love thing.

00:02:00.880 | Invest in index funds, put your time and energy

00:02:03.360 | into other ways of making.

00:02:05.080 | (upbeat music)

00:02:07.660 | (upbeat music)

Should I Stop Teaching To Become A Better Investor? | Deep Questions With Cal Newport

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