Understanding Investing

By: Richard M. Smith
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  • Summary

  • “The noblest pleasure is the joy of understanding.” - Leonardo da Vinci Understanding investing is the key to long-term investing success. But it's not a destination. It's a journey. Listen in as your host, Dr. Richard Smith, takes you on a multi-faceted tour through the world of successful investing. Dr. Smith shares his insights from over two decades of applying his background in mathematics and systems science to investing and helping tens of thousands of individual investors manage and track over 20 billion dollars of their own capital. You will gain insights on current market events, hear from investing luminaries and from individual investors just like you. Every episode will help you to truly understand what it takes to be a successful investor.
    2020 Richard Smith
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Economics Leadership Personal Finance
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Episodes
  • 001 Stan Ehrlich - Trading and Investing at the Highest Levels

    001 Stan Ehrlich - Trading and Investing at the Highest Levels
    Jun 11 2020
    KEY TAKEAWAYS
    • 09:36 – Dr. Richard welcomes to the show Stan Ehrlich who speaks to his extensive experience with investing and breaks down the acronym LYLA-LYPR
    • 19:10 – Stan explains how being a gymnast influenced his trading methodology
    • 22:30 – Richard asks Stan to describe the psychology behind his trading style
    • 26:44 – Stan explains the functionality of the market indicator Relative Strength Index (RSI)
    • 31:16 – Stan asserts the importance of planning and explains the meaning of the acronym, SIRABID
    • 35:39 – The most important lesson Stan has learned from his investing career and advice he would give to those looking to get into investing
    • 40:54 – Dr. Richard recaps the highlights from the episode and shares several new projects in the works.
    TWEETABLE QUOTES

    “LYLA-LYPR is ‘limit your losses and let your profits run.’ Basically, it’s what everybody should do but most people don’t do. And they usually don’t know how to, or why to, or when to, or what to do.” (03:01) (Stan)

    “The point is, you’re not gonna be right all the time. You have to plan for the mistakes. And money management is all about that.” (12:47) (Stan)

    “It’s not the tool you use, it’s how you use the tool.” (20:02) (Stan)

    “We are human beings and it is our nature to do this [trading and investing]. And this is one of the things that’s crazy about trading in particular, and investing to a degree, it’s counter-intuitive.” (26:54) (Stan)

    “What looks good is not and what looks bad is good. Again, trading in particular and investing in general is counter-intuitive.” (31:13) (Stan)

    LINKS MENTIONED

    Dr. Richard Smith’s Website – https://richardmsmith.com/

    Stan’s LinkedIn – https://www.linkedin.com/in/stan-ehrlich-29403b7/

    Foundation For the Study of Cycles - https://cycles.org/

    BOOKS MENTIONED

    Being Right or Making Money by - Ned Davis

    New Concepts in Technical Trading Systems - J. Welles Wilder

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    Podcast production and marketing by FullCast
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    54 mins
  • Understanding Investing Trailer

    Understanding Investing Trailer
    Apr 8 2020

    Welcome to the Understanding Investing podcast. In this episode trailer, Host Richard M. Smith talks about his background and why now is the perfect time for the launch of this show.

    Dr. Smith has brought his passion for simplifying the complex to the financial markets by developing several web-based services for investors and traders. With his background in mathematical theories of uncertainty combined with his own personal investing and trading experience, Dr. Smith has an acute sense of the critical role that risk and money management play in successfully navigating the financial markets.

    Subscribe now on your favorite podcast app.
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    7 mins

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