Unshakeable

Author:
Tony Robbins

Description

Market corrections are as constant as seasons are in nature. There have been 30 such corrections in the past 30 years, yet there's never been an action plan for how not only to survive, but thrive through each change in the stock market.

Building upon the principles in Money: Master the Game, Robbins offers the reader specific steps they can implement to protect their investments while maximizing their wealth. It's a detailed guide designed for investors, articulated in the common-sense, practical manner that the millions of loyal Robbins fans and students have come to expect and rely upon.

Few have navigated the turbulence of the stock market as adeptly and successfully as Tony Robbins. His proven, consistent success over decades makes him singularly qualified to help investors (both seasoned and first-timers alike) preserve and add to their investments.

Notes

Fewer than 1 in 5 corrections escalate to a bear market. Just because the market is correcting doesn't mean that it's going to completely go to recession.


The Unshakeable Core Principles:

  1. Don't Lose Money
  2. Asymmetric Risk / Reward
  3. Tax efficiency
  4. Diversification


The Common Mistakes:

  1. Seeking confirmation for your beliefs instead of looking for information that challenges them
  2. Mistaking Recent Events for Ongoing Trends Why Most Investors Buy the Wrong Thing at Exactly the Wrong Moment
  3. Overconfidence Get Real: Overestimating Our Abilities and Our Knowledge Is a Recipe for Disaster
  4. Greed, Gambling, and the Quest for Home Runs It’s Tempting to Swing for the Fences, but Victory Goes to the Steady Survivors 

In Tony Robbin’s other personal finance book, he shares an asset allocation formula given to him by the legendary Hedge Fund manager, Ray Dalio, called the All Weather portfolio:

Tony Robbins + Ray Dalio All Weather portfolio:

40% long term bonds

30% stocks

15% intermediate term bonds

7.5% gold

7.5% commodities

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