A Wall Street insider on choosing temperament over intelligence — and how your best business instincts work against you
Successful business owners often become poor investors for one simple reason—they bring the wrong mindset. David Phelps sits down with investor and author David Leiter to unpack timeless investing principles, avoid costly mistakes, manage emotions through market cycles, and build lasting wealth through productive assets instead of hype.
Episode Links:
Pre-order David Leiter’s book – https://www.amazon.com/Stop-Making-Stupid-Investments-Wealth/dp/1394377657
Get David Phelps’ Book – https://exitoptional.com
Join The Freedom Method Workshop – https://www.freedomfounders.com/freedom-number-method-workshop/
Highlights of our Conversation:
00:00 – Why Smart People Make Bad Investments
03:16 – Business Success vs Investing Success
09:24 – Evaluating Private Investment Deals
15:12 – Hype, Ego & Investment Scams
19:48 – The Power of Long-Term Compounding
23:57 – Real Estate Lessons & Market Cycles
31:39 – Debt, Risk & Protecting Wealth
37:03 – Investing vs Speculating
40:22 – Today's Biggest Investment Mistakes
45:35 – Building Real Wealth That Lasts
