“Everybody is a genius. but if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid” – – Albert Einstein

All the notes were taken directly from “Unshakeable: Your Financial Freedom Playbook by Peter Mallouk and Tony Robbins” 

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Core 4 Principles

Long Term Investor without fearing bear trends.

Active Managed account overcharge for under performance

Excessive fees can eat all your profit

Find an independent advisor who will repay your trust

DON’T LOOSE; the more money you loose the harder is to get back to where you started

If you loose 50%, you need a gain of 100% to be back were you were. (100 pierdo 50, de los 50 (50% es solo 25, entonces toca invertir el 100 para recuperar))

Asset Allocation: Minimize risk

Protect the down side


5 to 1 Rule: 20% (80% of the time wrong and still you won’t loose) Double the money even if you are wrong 60% of the time)

Get at least 3 to 1.


Net number of what you keep

It can be up to 50% between Federal and state taxes

Selling an investment with less than a year, you will pay ordinary income tax, if not long term capital tax that can be up to 20% (Holding period)


Non Profit

Check: 401K or 403B (Nonprofit), Roth IRA’s, Traditional IRA, PPLI, 529 Plans for college savings

Brokers are not allowed to advise you in taxes

How tax efficient is the strategy going to be? Any thing that we can improve?

Is that Net or Gross?


  • asset classes
  • within asset classes: different industries
  • markets countries and currencies
  • across Time



Low Index funds:

US stocks, foreign stocks, and emerging market stocks, Real Estate Investment Trust (REIT), long term US treasuries, Treasury Inflation Protected Securities (TIPS)

Owning more than 15 assets that are uncorrelated can reduce your risk 80% and return can be 5 times better

Stocks, bonds, gold, commodities, real state etc

Last but not least, study the ICONS:

Carl Icahn (Targets underperforming companies and changes management)

Paul Tudor Jones (Bets on Macro View)

Warren Buffett (Long Term investment in public and Private companies that have competition advantage)

Ray Dalio (Awareness of ententering in an unexpected market)

Richard Branson

David Swensen

John Bogle

Howard Marks

J.P Morgan and Mary Callahan Erdoes


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