The Intelligent and Lazy Investor
Cole Hauptfuhrer, is a ‘focus investor’, who operates “Find Fat Fish,”. He has some interesting philosophies on (no) diversification, investing with your mind and your gut, and the quest to find the next Netflix. A good listen for everyday investors looking for a change from the stock standard investment advice.
While some people are happy throwing hand lines off the end of Devonport Pier, or wandering down rivers for hours trying to get enough whitebait to make a single breakfast patty, Cole is out at sea looking to land a Marlin big enough to feed him for a year.
Our refreshing conversation gives listeners a new perspective, potentially at odds with everyone’s favourite Warren Buffett quotes.
“I don’t see a mainstream counter argument to diversification anywhere,” said Cole.
And it’s true. Read any newspaper column, most financial pages, and have a chat with any rich uncle and they’re all probably going to be espousing the same ‘wisdoms’. But is investing in passive funds and ETFs really going to build the kind of wealth you’re looking for?
Cole’s first big fat fish was actually his first investment, Nintendo. He’d long been addicted to the product, which was the hook to dive deeper into the company, and then the investment opportunity.
He’s on a quest now to help others find their own fat fish.
“To me it’s a tragic comedy where you have people open up their apple laptop, log in through chrome, and binge Netflix as a way to ignore their money stresses. Those are three of the most successful stocks of our time.”
Your best bet for a first stock investment should always be something you’re passionate or ‘addicted’ to. Is there something like Netflix that has you so completely wrapped up in its arms every night? Isn’t that a good sign something is rather promising about a company?
It’s a reminder for me of the fact that I still do not own a single Tesla share. I own the car, and I’ve known for quite some time that EV’s are the future, but some invisible, procrastinating force meant I never pulled the trigger on actually buying any stock.
“Informed optimism allows you to take bold informed action while the world is paralysed. It’s the most overlooked asset in an investor’s tool box”
And it might just be true.
So this is where it gets real for and for me – are you in pursuit of alpha (better than the market) or just the average? Do you think Jeff Bezos believed in diversification or concentration? Going 100% all in on just two or three stocks doesn’t sit right with many of us in the investment community, but here’s where we look at what those with wealth have actually done. The benefits of getting your nose out of yet another Forbes analysis and actually putting your money where your brain is, is a pretty compelling argument.
_________________________________________________________________
The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let’s you become a shareholder in the world’s biggest companies and funds. We’re talking about Apple and Zoom, Vanguard and Blackrock.
So, if you’re listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you… they’ll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.
Just go to https://hatch.as/NZEverydayInvestor to grab your top up.
__________________________________________________________________
The NZ Everyday Investor would also like to acknowledge the support of kōura.
Most people fixate on just fees or historical returns when trying to choose a KiwiSaver fund. But professionals know there’s the third, arguably more essential component to consider – asset allocation. kōura’s digital advice tools will build you a KiwiSaver portfolio that has the perfect asset allocation just for you. Of course you could also just choose your own KiwiSaver portfolio with them too. Give them a try and see what your ideal KiwiSaver asset allocation looks like for you.
___________________________________________________________
Like what you’ve heard?
You can really help with the success of the NZ Everyday Investor by doing the following:
1- Tell your friends!
2- Write a review on Facebook, or your favourite podcast player
3- Help support the mission of our show on Patreon by contributing here
4- To catch the live episodes, please ensure you have subscribed to us on Youtube:
5- Sign up to our newsletter here
NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.
