Skip the basics and your portfolio collapses like a house of cards. Master the fundamentals first, then you can build a stronger financial fortress. Don't chase flashy ideas before you have a solid foundation.
Now, one mistake that I see a lot of people make is that they get complacent and they think, well, I know this, give me something more advanced or give me something this and give me something this. And they can tend to look for the more exciting things rather than the foundational basics. And it's a big, big mistake, right? Because what tends to happen is that people start building a house of cards, right, when it comes to a portfolio. Now, the distinction is, is that the deeper and the stronger the foundation is going to be, the taller that financial fortress is actually going to be able to create in the future. Okay, so we never skip over the foundations, we never skip over the basics, and we never get complacent with what we think we know.
