A Note On The Millennial Advantage
Throughout the book, I try and make a real effort to avoid easy answers, and to give you both sides of some of the central dilemmas of investing. I provide you with different views on such questions for a couple of reasons. First, there is no “one size fits all” approach to investing. The approach that works best for you will depend both on your situation; and on your individual temperament: how comfortable you are with risk and volatility, how much research you’re willing to do, etc.
Second, the world of investing (and of finance and economics in general) can be complicated. But that doesn’t mean your approach to investing should be complicated. Complexity is often the enemy of execution. “Simplicity is the ultimate sophistication,” said the great Renaissance thinker Leonardo Da Vinci, and there’s a lot of truth to that when it comes to investing. Some of the investors I most admire, while never forgetting the complexities and nuances involved, keep their focus on the essentials: they never lose sight of the forest for the trees.
So while my goal is certainly to educate and inform, it is first and foremost to inspire you to act: to begin saving (or if you’ve already started, to save more) and to invest that money in strategic ways that will allow it to grow over time into real wealth, real financial security. The key is to begin; to begin simple, but smart; and then to learn and evolve as you go along. Just as interest compounds, so does knowledge.