All Billionaire Investors Have One Thing in Common
Financial Freedom with AI
This week I had a pleasant revelation: our newsletter includes a comments section for subscribers, something I was unaware of until now. My sincerest apologies for not having noticed it earlier.
It's truly encouraging to discover how many of you share the same concerns and curiosities that motivated us to create this newsletter. Your participation greatly enriches our project.
Last week, we tackled the topic of how artificial intelligence and automation are transforming the labor world, foreshadowing the disappearance of numerous jobs. A surprising fact is that, 250 years ago in the United States, 70% of jobs were linked to the agricultural sector, a figure that has now been reduced to 1%. This phenomenon, observed in agriculture, is extending to all industries, which could lead to the implementation of a universal basic income and, who knows, perhaps a four-day work week.
Currently, tools like ChatGPT can analyze companies' financial statements and perform Discounted Cash Flow (DCF) evaluations with precision and speed that surpass analysts from prestigious firms like JP Morgan, who earn up to $200,000 a year. This is just one example of the constant change mentioned by Howard Marks, to which we must adapt.
This brings us to a crucial point, repeatedly mentioned by our subscribers: the desire to achieve financial freedom. However, this goal is not achieved with tactics such as algorithmic trading or investing in meme coins. The real key lies in investing wisely, not speculating, and always maintaining a margin of safety in investments.
We have heard stories of intelligent people who lost everything by following unconventional investment strategies. It's a common mistake to think that if it hasn't happened to us, it won't happen. Let's learn from these cases and be prudent to avoid falling into the same trap.
It's interesting to note how great investors have accumulated their fortunes by following similar methods, while many try to surpass them by adopting different approaches. The key to success, both in life and in investments, lies in patience, a long-term focus, and delaying immediate gratification.
If you're reading this, your investment strategy is probably already on the path to success. Therefore, I want to thank all those who have shared their comments, elevating the level of their investment to one where safety, common sense, and long-term freedom prevail, especially in a world where AI could replace your current job.