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Sep 25, 2014

This episode is the first in a two part review of my favourite investment book, Fail-Safe Investing by Harry Browne. In this episode I discuss the background to this investing approach and provide an overview of Harry's top 10 rules of financial safety:

Rule #1: Your career provides your wealth.
Rule #2: Don't assume you can replace your wealth.
Rule #3: Recognize the difference between investing and speculating.
Rule #4: No one can predict the future.
Rule #5: No one can move you in and out of investments consistently with precise and profitable timing.
Rule #6: No trading system will work as well in the future as it did in the past.
Rule #7: Don't use leverage.
Rule #8: Don't let anyone make your decisions.
Rule #9: Don't ever do anything you don't understand.
Rule #10: Don't depend on any one investment, institution, or person for your safety

Show Notes:
  • Fail-Safe Investing by Harry Browne
  • As always, it's up to you what you do with your money. I'm not a financial advisor and you will need to do your own research.

173 Fail-Safe Investing Part 1