by Tony Robbins

And let me tell you, the ability to invest without fear is critically important. (Location 759)

Note: Thats why emergency fund is so important

And the fact is, nobody can consistently predict whether markets will rise or fall. It’s delusional to think that you or I could successfully “time the market” by jumping in and out at the right moments. (Location 810)

It means that you and I should always remember that the long-term trajectory is likely to be good, even when the short-term news is dismal and the market is getting smacked. (Location 870)

I hope you’re starting to see why it’s a good idea to be a long-term investor in the stock market and not merely a short-term trader. And (Location 886)

The most successful investors take advantage of all that fear and gloom, using these tumultuous periods to invest more money at bargain prices. (Location 915)

As we’ll discuss later, you can protect yourself against this sort of disaster by building a portfolio that’s broadly diversified globally and also among different types of assets. (Location 986)

The message is clear: the greatest danger to your financial health isn’t a market crash; it’s being out of the market. (Location 1026)

achieving long-term financial success is that you need to get in the market and stay in it, (Location 1027)

But it turns out that the professionals aren’t really any better at predicting the future than the rest of us. (Location 1126)

For investors in an actively managed fund, this combination of hefty transaction costs and taxes is a silent killer, quietly eating away at the fund’s returns! (Location 1139)

If there’s one thing in plentiful supply, it’s active managers who’ll overcharge you for underperformance! (Location 1229)

One reason why they win is that they base every investment decision on a deep understanding of probabilities, not on emotion or desire or luck. (Location 1265)

Warren Buffett, who has outpaced the market by a huge margin, also advises regular people to invest in index funds, so they can avoid the drain of excessive fees. (Location 1275)

how to find sophisticated, conflict-free financial advice that will turbocharge your journey to financial success. (Location 1464)

The trouble is, they work in a system that’s beyond their control—a system that has tremendously powerful financial incentives to focus on maximizing profits above all else. (Location 1530)

the conflicts of interest, the dissembling and deceit, the cynical and self-serving behavior. (Location 1744)

Securities offered through [advisor’s company name], member FINRA and SIPC.” (Location 1775)

Warren Buffett makes long-term investments in public and private companies that possess a durable competitive advantage. (Location 1837)

The best investors understand that these principles must be obsessions. They’re so important that you need to internalize them, live by them, and make them the foundation of everything you do as an investor. (Location 1852)

“The most important thing for me is that defense is 10 times more important than offense. . . . You have to be very focused on protecting the downside at all times.” (Location 1867)

“So I have to design an asset allocation that, even if (Location 1881)

diversifying among them in such a way that you reduce your risks and maximize your rewards. (Location 1884)

‘Protect the downside.’ ” (Location 1923)

One way to achieve asymmetric risk/reward is to invest in undervalued assets during times of mass pessimism and gloom. (Location 1935)

In other words, it’s all about asymmetric risk/reward! (Location 1948)

You should take every opportunity to invest in a tax-deferred way.” (Location 1999)

always start with a focus on not losing money and on getting asymmetric risk/reward. (Location 2008)

Your goal, and mine, is always to maximize the net. (Location 2015)

it’s worth pointing out that there’s almost always an asset class or a country or a market that’s getting clobbered, presenting you with equally enticing opportunities for asymmetrical risk/reward. (Location 2047)

“The holy grail of investing is to have 15 or more good—they don’t have to be great—uncorrelated (Location 2093)

uncorrelated bets.” (Location 2093)

If you follow their example by diversifying broadly, you’ll be prepared for anything, freeing you to face the future with calm confidence. (Location 2099)

When it comes to the areas of your life that matter most—your family, your faith, your health, your finances—you can’t rely on anybody else to tell you what to do. (Location 2176)

You can take control by educating yourself, studying the market’s long-term patterns, modeling the best investors, and making rational decisions based on an understanding of what’s worked for them over decades. (Location 2194)

“Risk comes from not knowing what you’re doing.” (Location 2195)

As he’ll explain, it all starts with building a diversified portfolio that can prosper through thick and thin. (Location 2211)

You’ll even learn to welcome bear markets because of the unparalleled opportunities they create for coolheaded bargain hunters. (Location 2228)

90% of surviving a bear market comes down to preparation. (Location 2238)

the short-term outlook may look dire, but the stock market always rebounds. (Location 2255)

don’t live beyond your means or saddle yourself with too much debt—both reliable ways to put yourself in a vulnerable position. (Location 2340)

What asset classes will give you the highest probability of getting from where you are today to where you need to be? (Location 2421)

We use index funds because they give you broad diversification in a low-cost, tax-efficient way, and they beat almost all actively managed funds over the long run. (Location 2452)

our brains are particularly prone to bad decisions when we’re dealing with money. (Location 2511)

“confirmation bias,” which is the human tendency to seek out and value information that confirms our own preconceptions and beliefs. (Location 2591)

Do you have the flexibility to change your approach, or is your mind locked into its beliefs? (Location 2599)

The truth is, it’s never wise to fall in love with an investment. (Location 2609)

Of course, you don’t want just anyone with a different opinion, but rather someone who has the skill, track record, and intelligence to give another educated perspective. All opinions are not created equal. (Location 2612)

“Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.” (Location 2616)

This is just a posh way of saying that recent experiences carry more weight in our minds when we’re evaluating the odds of something happening in the future. (Location 2645)

Great things are not accomplished by those who yield to trends and fads and popular opinion. (Location 2650)

invest in a portfolio of low-cost index funds, and then hold them through thick and thin. (Location 2708)

exorbitant management fees, high transaction costs, and hefty tax bills. (Location 2710)

What you need to understand is that there’s a world of difference between short-term speculation and long-term investing. (Location 2742)

“You’re feeding your mind thoughts that will make it much easier for you to think and act long term.” (Location 2761)

In other words, the single best way to handle market turmoil—and the fears it can trigger—is to be prepared for it. (Location 2831)

If your returns improve by, say, 2 or 3 percentage points a year, the cumulative impact over decades is astounding, thanks to the power of compounding. (Location 2846)

For example, if you harness the power of compounding, stay in the market for the long term, diversify intelligently, and keep your expenses and taxes as low as possible, (Location 2863)

can tell you the secret to happiness in one word: progress. (Location 2941)

money doesn’t change people. It just magnifies who they already are: if you have a lot of money and you’re mean, then you have more to be mean with; if you have a lot of money and you’re generous, you’ll naturally give more. (Location 2950)

We can’t control all the events in our lives, but we can control what those events mean to us—and thus what we feel and experience every day of our lives! (Location 2990)

love, joy, gratitude, awe, playfulness, ease, creativity, drive, caring, growth, curiosity, or appreciation, you’re in a beautiful state. (Location 3012)

“I’m done with suffering. I’m going to live every day to the fullest and find juice in every moment, including the ones I don’t like, BECAUSE LIFE IS JUST TOO SHORT TO SUFFER.” (Location 3082)

You can step back and say to yourself, “Wow, look at that crazy thought go by! There goes that crazy mind again!” (Location 3098)

Happiness is an advantage in your relationships, your business, your health, and in everything you touch. (Location 3125)

Find something to serve, a cause you can be passionate about that’s greater than yourself, and this will make you wealthy. (Location 3251)

You can also give your time, your talent, your love, your compassion, your heart. (Location 3256)