Invested by Danielle Town

Invested by Danielle Town

Author:Danielle Town
Language: eng
Format: epub
ISBN: 9780062672650
Publisher: HarperCollins


Diving In

As Dad and I got back on track, I felt closer than ever to him. We agreed that after the success of my Investing Intensive reading of the news and the Buffett Bible, I should use this month to delve more deeply into companies. The only way to do that was to kick things up a notch and attack the annual reports.

Annual reports are boring. They just are. But they are the best way to learn about a company. Maybe I could make them part of my bedtime routine, I mused. Forget warm milk and Ambien—I’d be nodding off to the melodious words of a lawyer describing the company’s greatly detailed risk factors. Then, I thought, if I could get through a bunch of them for two days, I would know how to read them efficiently from then on. Any company I wanted—two days of the same company, or several different companies. My goal was to read eight of them, no matter what.

When you live weekend to weekend—and most of us do—a month gets shortened to four sets of two days that are useful, and those eight days have to fit in the errands, the laundry, the household fixer-upper tasks, the spillover work from the week, family time, and friend time. And now, for me, a long-distance boyfriend. Remember when weekends were for waking up with a hangover after taking too many shots the night before and then mainlining Friends reruns? That was fun.

Using a weekend to start the journey that would support me the rest of my life was not actually hard. It was a matter of prioritizing it over commitments I had already made, over household work that genuinely needed to be done, over my desire to see someone other than my coworkers, and over genuine rest. The only thing I could not prioritize it over was my actual job and doing some sort of workout to stay healthy, however limited. I resolved to treat my Investing Practice like what it was: the single best way I could possibly direct my time.

I thought about my resolve to put myself first, and that no one else was going to take care of me but me. This was the time to take action, rather than continue to think about investing. It had been an intense month already, and I wanted to get back to the basics by focusing on investment research. I had been spending parts of my weekends on my Investing Practice since the beginning of the year, and now I would focus one entire weekend on my practice.

On Friday night, I was ready to carry out my commitment to myself and my practice, and then a not-unusual thing happened: an urgent work matter came up and couldn’t be pushed off. By the time I finished my work that Friday evening, I was so tired that all I wanted to do was take a hot shower and crawl into my bed and sleep for a hundred hours. I went straight home.



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