Come investire soldi, il metodo Buffett o il metodo Soros? How|to invest|money|the|method|Buffett|or|||Soros ||||||||methode| Wie legt man Geld an, nach der Buffett-Methode oder nach der Soros-Methode? ¿Cómo invertir el dinero, con el método Buffett o con el método Soros? Hoe geld investeren, de Buffett-methode of de Soros-methode? How to invest money, the Buffett method or the Soros method?

Mai sentito parlare di George Soros? never|heard|to talk|about|George|Soros |||||Soros Haben Sie schon einmal von George Soros gehört? Heb je ooit van George Soros gehoord? Have you ever heard of George Soros?

è un imprenditore e investitore, ma più che altro speculatore americano. he is|a|entrepreneur|and|investor|but|more|than|other|speculator|American ||||investeerder|||||| ist ein Unternehmer und Investor, aber eher ein amerikanischer Spekulant. Hij is een ondernemer en investeerder, maar vooral een Amerikaanse speculant. He is an entrepreneur and investor, but more of an American speculator.

Uno degli uomini più ricchi al mondo con un patrimonio tra il 20 e 25 one|of the|men|more|rich|at the|world|with|a|wealth|between|the|and ||de mannen|||||||||| Einer der reichsten Männer der Welt mit einem Vermögen zwischen 20 und 25 One of the richest men in the world with a net worth between 20 and 25

miliardi di dollari billions|of|dollars billion dollars.

Un personaggio tranquillo: uno famoso per aver fatto fallire la banca centrale d' a|character|calm|a|famous|for|to have|done|to fail|the|bank|central|of ||||||||falen|||| Ein stiller Charakter: Berühmt für den Bankrott der Zentralbank von A calm character: one famous for causing the central bank of

inghilterra perchè negli anni novanta iniziò a speculare contro la sterlina. England|why|in the|years|nineties|started|to|to speculate|against|the| ||||||||||pound England, weil es in den 1990er Jahren begann, gegen das Pfund zu spekulieren. England to fail because in the nineties he started speculating against the pound.

Ho appena finito di leggere The Alchemy of Finance, l'alchimia della I have|just|finished|to|to read|The|Alchemy|of|Finance|the alchemy|of the ik|||||||||de alchemie| Ich habe gerade die Lektüre von The Alchemy of Finance beendet, die Alchemie der Ik heb net The Alchemy of Finance gelezen, de alchemie van de I just finished reading The Alchemy of Finance, the alchemy of

finanza finance financiën finance

la chimica della finanza the|chemistry|of the|finance de chemie van de financiën the chemistry of finance

cioè il modo di George Soros di vedere i mercati that is|the|way|of|George|Soros||to see|the|markets d.h. George Soros' Sichtweise auf die Märkte that is, the way George Soros views the markets

che è più che altro incentrato sulla psicologia delle masse che non sulla that|it is|more|than|other|centered|on the|psychology|of the|masses|than|not|on the |||||gecentreerd||||||| die sich mehr auf die Psychologie der Massen als auf die dat meer gericht is op de psychologie van de massa dan op de which is more focused on the psychology of the masses rather than on the

vera valutazione degli strumenti in cui investe. Questo è un approccio true|evaluation|of the|tools|where|which|he invests|this|it is|a|approach ||||||investeert|||| echte beoordeling van de middelen waarin wordt geïnvesteerd. Dit is een true evaluation of the instruments in which he invests. This is a completely

completamente opposto a quello di Warren Buffett ad esempio. Altro investitore completely|opposite|to|that|of|Warren|Buffett|at|example|Another|investor |volledig tegenover||||||||| ganz im Gegensatz zu dem von Warren Buffett zum Beispiel. Andere Anleger volledig tegenovergesteld benadering in vergelijking met die van Warren Buffett bijvoorbeeld. Een andere investeerder opposite approach to that of Warren Buffett, for example. Another ultra-famous investor,

ultra famoso, anche lui tra gli uomini più ricchi al mondo, che però adotta ultra|famous|also|he|among|the|men|more|rich|at the|world|who|but|he adopts ultra beroemd||||||||||||| ultraberühmt, der auch zu den reichsten Männern der Welt gehört, der sich aber für die also among the richest men in the world, who, however, adopts

una strategia di a|strategy|of a strategy of

di investimento che più in linea con il mio modo di investire chiamata value investing of|investment|that|more|with|line|with|the|my|way|of|to invest|called|value|investing |||||in lijn||||||||| investment that is more in line with my way of investing called value investing

In parole povere: investe solo in aziende molto sottovalutate. In|words|poor|he invests|only|into|companies|very|undervalued ||||||bedrijven|| In simple terms: it only invests in very undervalued companies.

Quando il prezzo è molto inferiore al vero valore intrinseco dell'azienda when|the|price|it is|very|lower|to the|true|value|intrinsic| |||||||||intrinsieke| Wenn der Preis weit unter dem wahren inneren Wert des Unternehmens liegt When the price is much lower than the true intrinsic value of the company

Soros e Buffett hanno un approccio più o meno posto al mondo degli investimenti Soros|and|Buffett|they have|a|approach|more|or|less|placed|to the|world|of the|investments Soros und Buffett haben einen mehr oder weniger einheitlichen Ansatz in der Welt der Investitionen Soros en Buffett hebben een meer of minder vaste benadering van de investeringswereld Soros and Buffett have a more or less established approach to the world of investments

quando i mercato che crollano un è portato a vendere e l'altra comprare when|the|market|that|collapse|a|it is|led|to|sell||the other|buy ||||instorten|||||||| wenn die Märkte zusammenbrechen, neigen die einen zum Verkaufen und die anderen zum Kaufen wanneer de markten instorten is de een geneigd te verkopen en de ander te kopen when the markets crash one is led to sell and the other to buy

quando invece i mercati crescono uno è portato a comprare e l'altro a vendere when|instead|the|markets|they grow|one|he is|led|to|to buy||the other|to|to sell wenn die Märkte steigen, neigt der eine zum Kaufen und der andere zum Verkaufen wanneer de markten groeien is de een geneigd te kopen en de ander te verkopen when, on the other hand, the markets grow one is led to buy and the other to sell

ma come hanno fatto entrambi ad essere tra gli uomini più ricchi al mondo avendo but|how|they have|done|both|to|to be|among|the|men|more|rich|the|world|having aber wie konnten sie beide zu den reichsten Männern der Welt werden, indem sie maar hoe hebben beiden het voor elkaar gekregen om tot de rijkste mensen ter wereld te behoren met but how did both manage to be among the richest men in the world having

un approccio esattamente opposto? a|approach|exactly|opposite genau den gegenteiligen Ansatz? een totaal tegenovergestelde benadering? an exactly opposite approach?

Beh la risposta è che sui mercati non esiste una sola strategia per averesuccesso well|the|response|it is|that|on the|markets|not|exists|a|single|strategy|to|to succeed |||||||||||||succesvol te zijn Nun, die Antwort ist, dass es auf den Märkten keine einzige Strategie gibt, um erfolgreich zu sein. Nou, het antwoord is dat er op de markten niet één enkele strategie bestaat om succesvol te zijn. Well, the answer is that there is not just one strategy for success in the markets.

ma ne esistono varie e questi due investitori ne sono la prova but|there|they exist|various|and|these|two|investors||they are|the|evidence aber es gibt mehrere und diese beiden Investoren sind der Beweis dafür maar er zijn verschillende en deze twee investeerders zijn het bewijs daarvan but there are various ones and these two investors are proof of that

Quindi: tre punti per capire come muoversi sui mercati e come trovare la propria strada so|three|points|to|understand|how|to move|on the|markets|and||to find|the|own|path Also: drei Punkte, um zu verstehen, wie man sich auf den Märkten bewegt und wie man seinen Weg findet Dus: drie punten om te begrijpen hoe je je op de markten moet bewegen en hoe je je eigen weg kunt vinden So: three points to understand how to move in the markets and how to find your own path

Primo: devi studiare e metterti in discussione continuamente Erstens müssen Sie lernen und sich selbst ständig hinterfragen Eerste: je moet studeren en jezelf voortdurend ter discussie stellen First: you must study and constantly challenge yourself

E noto che Warren Buffett spende più o meno l'80% del suo tempo ogni giorno a and|known|that|Warren|Buffett|he spends|more|or|less|80%|of the|his|time|every|day|to And I note that Warren Buffett spends about 80% of his time every day

leggere. Leggere bilanci, leggere libri insomma è considerato una Learning Machine to read|Reading|balances||books|anyway|it is|considered|a|Learning|Machine ||balansen|||||||| reading. Reading financial statements, reading books, in short, it is considered a Learning Machine

Una macchina per apprendere nuove informazioni. a|machine|to|learn|new|information A machine for learning new information.

Non puoi pensare di aver trovato una strategia, una filosofia di investimento not|you can|to think|to|to have|found|a|strategy||philosophy|of|investment |||||||||filosofie|| Sie können nicht glauben, dass Sie eine Strategie, eine Anlagephilosophie gefunden haben. Je kunt niet denken dat je een strategie, een investeringsfilosofie hebt gevonden You can't think you've found a strategy, an investment philosophy

e pensare che quella possa andare bene per sempre. Quindi leggi biografie dei and|to think|that|that one|can|to go|well|for|always|so|read|biographies|of the |||||||||||biografieën van| und denken, dass man ewig weitermachen kann. Lesen Sie also Biographien von en denken dat die voor altijd goed zal zijn. Dus lees biografieën van de and believe that it will work forever. So read biographies of the

più grandi investitori, Warren Buffett, George Soros, Ray Dalio, John templeton etc. more|biggest|investors|Warren|Buffett|George|Soros|Ray|Dalio|John|Templeton|etcetera |||||||Ray Dalio|||| grootste investeerders, Warren Buffett, George Soros, Ray Dalio, John Templeton, enz. greatest investors, Warren Buffett, George Soros, Ray Dalio, John Templeton, etc.

devi capire come questi personaggi si comportano in momenti di crisi sui mercati you must|to understand|how|these|characters|they|they behave|in|times|of|crisis|on the|markets ||||||zich gedragen|||||| man muss verstehen, wie sich diese Personen in Krisenzeiten auf den Märkten verhalten You need to understand how these figures behave in times of crisis in the markets.

oppure in momenti di rally dei mercati or|in|moments|of|rally|of the|markets ||||rally|| or in moments of market rallies

e questo ci porta. numero 2 and|this|to us|it brings|number and this brings us to number 2

devi trovare tra questi modelli, che sono molto diversi, quello che più in linea you must|to find|among|these|models|which|they are|very|different|the one|that|more|line| Sie müssen unter diesen sehr unterschiedlichen Modellen dasjenige finden, das am besten zu Ihnen passt. je moet tussen deze modellen, die heel verschillend zijn, degene vinden die het meest in lijn is you need to find among these models, which are very different, the one that is most in line

con il tuo set di valori with|the|your|set|of|values met jouw set van waarden with your set of values

Quando i mercati crollano sei più portato a vendere per poterti coprire dalla when|the|markets|collapse|you are|more|likely|to|sell|to|to be able to|to cover|from the ||||||||||je te kunnen|| Wenn die Märkte fallen, neigen Sie eher dazu, zu verkaufen, um sich gegen den Rückgang abzusichern. Wanneer de markten instorten ben je meer geneigd om te verkopen om je te dekken tegen de When the markets crash you are more inclined to sell to protect yourself from the

posizione sei più portato a comprare position|you are|more|likely|to|to buy Position sind Sie eher geneigt zu kaufen position you are more inclined to buy perché invece ti piace comprarle cosa sconto. Reinventare la ruota non ha senso quindi because|instead|you|like|to buy them|what|discount|to reinvent|the|wheel|not|has|sense|so ||||kopen||||||||| want in plaats daarvan houd je van het kopen van spullen met korting. De wielen opnieuw uitvinden heeft geen zin dus because instead you like to buy things on discount. Reinventing the wheel makes no sense so

identifica un modello di investimento identify|a|model|of|investment identifies|||| identificeer een investeringsmodel identify an investment model

più in linea con con il tuo carattere more|in|line|with||the|your|character meer in lijn met jouw karakter more in line with your character

provalo, approfondiscilo try it|deepen it |verdiep het try it, explore it

testoti durante un intero ciclo economico tests|during|a|entire|cycle|economic testoti||||| tested over an entire economic cycle

ed eventualmente, eventualmente, and|eventually|eventually |eventueel| and possibly, possibly,

personalizzalo customize it personaliseer het customize it

Stiamo studiando dei più grandi investito nel mondo we are|studying|of the|more|biggest|investors|in the|world |||||investeringen|| Wir untersuchen die größten Investitionen der Welt We are studying the largest investments in the world

ma non siamo i più grandi investitori al mondo. but|not|we are|the|most|biggest|investors|at the|world but we are not the largest investors in the world.

Quindi calma e umiltà. Ed infine il punto 3: qualunque strategia d'investimento so|calm|and|humility|And|finally|the|point|any|strategy|of investment |||nederigheid||||||| So calmness and humility. And finally point 3: any investment strategy e giusta ed efficace purchè tu sia in grado di mantenerla nel lungo periodo and|right|and|effective|as long as|you|you are|to|ability|to|to maintain it|in the|long|term ||||zolang je||||||||| und fair und effektiv, solange Sie in der Lage sind, sie langfristig aufrechtzuerhalten is right and effective as long as you are able to maintain it in the long term.

perchè la moltitudine di variabili che influenza e mercati fa si che certe why|the|multitude|of|variables|that|influences|and|markets|does|it||certain ||||||invloed heeft|||||| Because the multitude of variables that influence the markets means that certain

strategie di investimento siano più efficaci in certi momenti, e meno in altri strategies|of|investment|they are|more|effective|at|certain|times|and|less|at|others |||zij||||||||| investment strategies are more effective at certain times, and less so at others. Ci sono stati dei periodi in cui Warren Buffett ha performato meno del mercato there|are|have been|some|periods|in|which|Warren|Buffett|he has|performed|less|than the|market ||||||||||gepreste||| Es hat Zeiten gegeben, in denen Warren Buffett schlechter abgeschnitten hat als der Markt There have been periods when Warren Buffett has performed worse than the market.

e quindi cosa fare? Cambiamo strategia in corso d'opera? NO! and|so|what|to do|let's change|strategy|in|course|of action|NO ||||||||onderweg| Was ist also zu tun? Während des Prozesses die Strategie ändern? NEIN! So what to do? Should we change strategy mid-course? NO!

Perchè quando cambi e proprio il momento in cui a seguire la why|when|you change|and|exactly|the|moment|at|which|to|to follow| Denn wenn Sie sich verändern, ist genau der Moment gekommen, in dem Sie dem Because when you change, it's precisely the moment when the

strategia sovraperformerà quindi qualunque strategia tu deciderai di strategy|will outperform|therefore|any|strategy|you|you will decide|to |boventegenpresteren|||||| Strategie wird daher besser abschneiden als jede andere Strategie, für die Sie sich entscheiden. strategy will outperform, so whatever strategy you decide to

adottare devi sposarla per un lungo periodo di tempo 10 anni 15 anni 20 anni to adopt|you must|to marry her|for|a|long|period|of|time|years|| ||trouwen met haar||||||||| Sie müssen sie für eine lange Zeit heiraten 10 Jahre 15 Jahre 20 Jahre adopt, you must commit to it for a long period of time: 10 years, 15 years, 20 years.

Ed è nello stare tranquilli e pazienti quando sottoperformi che si vede la and|it is|in the|to be|calm|and|patient|when|to underperform|that|one|sees|the ||||||||onderpresteren|||| En het is in de rustige en geduldige houding wanneer je onderpresteert dat de And it is in staying calm and patient when you underperform that you see the

vera stoffa di un investitore. Perchè quando il tuo vicino di casa starà real|fabric|of|a|investor|Because|when|the|your|neighbor|of|home|will be ware stof van een belegger te zien is. Want wanneer je buurman the true fabric of an investor. Because when your neighbor is

stappando bottiglie di spumante perchè uncorking|bottles|of|sparkling wine|why |flessen||| flesjes champagne ontkurkt omdat popping bottles of sparkling wine because

sta guadagnando come un matto ma è semplicemente un attimo prima dello he is|earning|like|a|crazy|but|he is|simply|an|moment|before|the |verdienen|||||||||| je verdient als een gek maar het is gewoon een moment voor de he is making money like crazy but is just a moment before the

scoppio della bolla invece tu hai 2 3 anni che stai burst|of the|bubble|instead|you|you have|years|that|you are explosie|||||||| ontploffing van de bubbel in plaats daarvan heb je 2 3 jaar dat je bubble bursts, instead you have been

avendo un approccio molto pacato e conservativo: li si vede la vera storia having|a|approach|very|calm|and|conservative|them|one|one sees|the|true|history ||||||voorzichtig|||||| een zeer rustige en conservatieve benadering hebt: daar zie je de echte geschiedenis taking a very calm and conservative approach for 2 or 3 years: that is where the true story is seen. di un investitore. Quindi citando Shakespeare: ogni mattina un investitore si sveglia e of|a|investor|so|citing|Shakespeare|every|morning|||he|he wakes up|and |||||Shakespeare||||||| of an investor. So quoting Shakespeare: every morning an investor wakes up and

sà che dovrà essere più sveglio, più smart dell'investitore che sta he knows|that|he will have to|to be|more|alert||smart|of the investor|who|he is |||||slimmer|||van de investeerder|| weiß, dass er schlauer und intelligenter sein muss als der Investor, der weet dat hij slimmer, intelligenter moet zijn dan de investeerder die aan de andere kant van de koop-verkoop zit. knows that he has to be smarter, more savvy than the investor on the

dall'altra parte della compravendita. Che tu sia Soros o Buffett l'importante e che on the other|side|of the|buying and selling|Whether|you|are|Soros|or|Buffett|the important thing|and|that |||verkooptransactie||||||||| auf der anderen Seite des Handels. Ob Sie nun Soros oder Buffett sind, wichtig ist, dass Of je nu Soros of Buffett bent, het belangrijkste is dat other side of the trade. Whether you are Soros or Buffett, the important thing is that

ogni mattina every|morning jeden Morgen elke ochtend every morning

studi! you study you study!