When you think about some of the most successful investment firms in the world, you think about how much wisdom some of the fund managers may have and it is easy to see why a lot of people turn to these experts for their own financial decisions.
There are some standouts, however, that are able to provide an incredible amount of insight not only on specific industries from a top-down point of view but are able to provide wisdom on the economy as a whole. These are the types of investment firms that you should turn to if you want the best tips for maximizing investment performance. Here are some of the best firms to provide you with incredible investment insight.
Bridgewater Associates: Radical Candor
Bridgewater Associates, headed by one of the greatest Investors of all time Ray Dalio, always teaches new investors to practice radical candor no matter what. This is actually a very controversial choice for a lot of people because when you have radical candor, you always run the risk of offending people when that candor is not exactly positive.
Ray Dalio Insists that you need to practice this at all times in order to be a great investor, however, because he needs to be able to face criticism from your peers as well as give criticism of his own when it is due. Cutting down the fluff will make sure that your operations are leaner, your goals are more transparent, and your vision is more in sync with that of the people that you work with.
Berkshire Hathaway: Invest in Companies Like You Buy Cars
When it comes to wise investment advice — people almost immediately think about Warren Buffett. He is, after all, the oracle of Omaha and as widely regarded as the greatest living investor.
There are a lot of tips shared by Mr. Buffett about becoming a great investor but the one that is most consistent with his own investment strategy is this — invest in companies the way you would invest in a car. In this hypothetical scenario, you should imagine yourself buying a car for the first time with the added condition that it is going to be the only car that you are ever going to have in your life. once you know that that is the only car he will ever be driving, you were going to be extra careful with the cover so choosing the right one.
You are going to do all of the research, perform the due diligence, make financial sense out of the decision, and just check every single box when it comes to making sure that is the best vehicle for you. You should apply that same mindset when investing in companies. Do not just look at the hype or the price, invest in a company as if you are buying the whole thing and that it is going to be the only company that you’re ever going to rely on.
Sequoia Capital: Help Bold Entrepreneurs Reach New Heights
The next great piece of advice comes from one of the most prominent venture capital firms in the world, Sequoia capital.
Sequoia teaches that you should not only invest in companies with the intention of having a great return on investment but also to help bold entrepreneurs accomplish their vision — a vision that could have profound effects for the world. These are also sentiments shared by some other up-and-coming funds such as the M13 investment firm.
Investing is not only a profit mechanism, it is a tool to make actual change in the world.
