Simple Wealth, Inevitable Wealth: An Ode to Equities

I’ve been attempting to write this blog post for some time, however I have never been happy with the result.

What I’ve come to realise is that Nick Murray’s words speak for themselves. Trying to comment on, review or explain his message just muddies the water.

Nick is a talented writer. His ideas are well presented and simple to understand. There is no fluff with his writing, it is ‘all killer, no filler’.

As such, I have given up my attempt to review his book, Simple Wealth, Inevitable Wealth, and instead I have picked out my favourite quotes.

The message is simple:

  • Buy and hold equities for the long term.
  • Do not listen to the financial media, it thrives off fear.
  • Your behaviour, not your investments, will be the #1 determining factor in your ability to build wealth.

Before we jump in, a special thank you to David Hearne, who was kind enough to gift me the book.

I will now be gifting the book on, to help other aspiring financial planners – hopefully the book will pass through many hands before its journey comes to an end.

David is a chartered financial planner who runs Phynancial, an online bookstore helping people get their hands on Nick Murray’s books. He is also active on Twitter. I’d recommend following David to gain insights on retirement planning.

Without further ado, my favourite quotes from Simple Wealth, Inevitable Wealth.

1. Somebody’s sitting in the shade today because someone planted a tree a long time ago (Warren Buffet).

2. When your investments, as distinctly opposed to the sweat of your brow, will provide you sufficient income to live a full and joyful life, you are truly wealthy – because you are truly free!

3. No matter how much money you have, if you are still worried, you aren’t wealthy.

4. Fear has a greater grasp on human actions than does the impressive weight of historical evidence.

5. If wealth is truly your goal, stocks aren’t part of the answer, they’re the only answer.

6. Investment performance doesn’t determine real life returns; investor behaviour does.

7. The only meaningful measure of long-term return… is the real rate you earn: the nominal rate less inflation.

8. If you think what you don’t own can’t hurt you, think again.

9. Volatility is not risk… The great long-term risk of stocks is not owning them (check out my post Volatility vs Risk for more on this)

10. Optimism is the only realism.

Thanks for reading,

Tom Redmayne

Financial Planner-in-waiting

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2 thoughts on “Simple Wealth, Inevitable Wealth: An Ode to Equities

  1. Nicely said Tom. However I got rich in rental real estate and private lending. Stocks aren’t the only way to get rich, just one of the ways.

    Like

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