Order “Rule Breaker Investing” (hardcover, e-book, audiobook) wherever you purchase books.
On this podcast, we have a 5-minute hear from Chapter 3 of David Gardner’s newest Rule Breaker Investing e-book. In “After Yesterday,” David tells the CNBC story of a co-host surprised that he nonetheless appreciated cloud shares and why Rule Breaker buyers do not let yesterday’s tape write tomorrow’s script. Benefit from the excerpt, then share it with a pal who may use a wiser, happier, and richer mindset.
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A full transcript is beneath.
This podcast was recorded on Sept. 13, 2025.
David Gardner: Hey, Fools. Glad weekend. David right here with a fast Rule Breaker investing Weekend Further. I’ve obtained one thing particular for you right this moment. It is a 5 minute hear in from the Rule Breaker Investing audio e-book, which arrives simply days away September 16, alongside the hardcover and the eBook variations. Now, for those who’re an audible fan otherwise you similar to listening to concepts fairly than studying them, that is your sneak peek, or hear. A fast phrase on what you are about to listen to. This excerpt captures the spirit of my e-book, sensible, optimistic, perhaps a bit mischievous, equal elements, habits, inventory selecting traits, and portfolio ideas, all in service of constructing us smarter, happier, and richer. That is the beginning of Chapter 3. It is in my very own voice, in fact, with a couple of factors you could acknowledge as an everyday listener of this podcast and a narrative you most likely have not heard but. For those who get pleasure from it, you possibly can pre order wherever you get your books and audio books. Here is a professional tip. Pre orders helps sign to the world that buyers nonetheless learn and hear. If somebody in your life may use a pleasant on ramp to investing, and ship them this episode, think about it the audio appetizer earlier than the principle course lands on September 16. Sufficient for me. Let’s queue it up, producer Bart Shannon, 5 minutes from the Rule Breaker Investing Audio Guide. I hope it entertains right here in your weekend as a Weekend Further, and I hope this audio e-book, pays for itself many instances over within the years to return. Let’s get began. Idiot on.
You continue to like Cloud computing shares? The host queried me through the industrial break. After yesterday, I used to be co internet hosting the early morning CNBC market Present with a sensible younger anchor. Our views could not have been additional aside. Through the first industrial break, I would talked about a number of of my favourite shares like Salesforce, and her jaw dropped. The Cloud computing sector had bought off 7-10% the day earlier than. You continue to like cloud computing shares after yesterday? My co host, we will name her after yesterday, wasn’t a day dealer or a excessive frequency buying and selling supercomputer. This was a properly educated, profitable broadcast journalist who obtained up at daybreak to cowl the markets. Folks tuned in to her to be taught the times ins and outs of enterprise and market developments. Besides perhaps in a way, she was a day dealer. Anybody who follows the markets for a dwelling and makes different individuals really feel like rubes for nonetheless liking a inventory after yesterday would appear to be day buying and selling the headlines, tendencies, and buzz, even when not day buying and selling the inventory market. For those who comply with one thing minute by minute, each zig zag, cross, shot, or sort out turns into noteworthy. You enlarge it, and heck, after yesterday is not being paid for her monetary recommendation, she’s nice at what she does. Anchoring dwell TV at any hour of the day is a demanding job. Simply do not confuse her perspective with monetary experience or let it information your cash. I would guess some individuals watching CNBC suppose the alternative. In most features of life, I would guess after yesterday is properly mannered and exemplary. It is solely with the inventory market that she thinks and sure acts opposite to her and your finest outcomes, ironic and loopy. For those who ever marvel how frequent capital F Fools such as you and me can outperform Wall Road and its indices, you now know your reply.
The surest solution to beat the market over time includes sustaining the identical equanimity and perspective together with your cash that you just do in different features of your life. Perhaps Billy Joel crooned the best funding secret of all, do not go altering. In different phrases, purchase shares to maintain them, not commerce them. You may achieve this significantly better for those who make investments for at the very least three years. In case your absolute minimal holding interval is lower than three years, you are doing it incorrect. We frequently misunderstand what make investments means and what investing appears like. The Latin root for make investments is investire, which means to placed on the garments, put on the clothes. Consider a associated phrase like priestly vestments. Image followers carrying the jerseys of their favourite groups. As they stroll to the stadium, discover the best way to their seats, cheer their staff on, they’re sporting the house staff colours. And whether or not their staff wins or loses, they maintain that jersey on. Whether or not their staff has an excellent or dangerous season, they maintain that jersey on. Why? As a result of they’re deeply invested. Mockingly, many could also be extra invested of their sports activities groups than in one thing of way more worth the monetary investments they make. Sports activities followers know their staff is just not going to win each recreation or yr. Rule Breaker buyers know the identical of our shares. For those who discover a fantastic staff, keep it up. Placing on the garments might be literal. Folks put on shirts with an Apple emblem, love their Lululemon’s, have Harley tattooed on their shoulder. These should not the identical individuals. You probably have emblem clothes in your wardrobe. My needs for you’re A, that you just personal these shares, and B, that these investments will outlast your garments. Whether or not or not you’ve got the shirt but, I would like you to like the businesses you are invested in. My portfolio contains enterprises that I consider do good issues on this world, are goal pushed, handle for the long run, present resilience, exhibit optionality. I consider their success results in a greater world. Once you’re truly invested like this, it is pure, even in exhausting instances to maintain that jersey on. If individuals handled monetary investments like their lifelong emotional investments of their sports activities groups, they’d be smarter, happier, and richer.
