Follow No One

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4 min
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As a third-generation financial advisor, Tom Stadum carries on the tradition of his grandfather and father by delivering comprehensive financial plans, prudent investment strategies, and timely service.
April 15, 2023

Good Reads


but it feels like that’s moving in the right direction.

- Chicago Fed President Goolsbee on inflation

A Suggestion

Doing you will be the best way for you to grow something you are proud of.

I was home sick last week and spent way too much rummaging the vast hallways of Youtube, watching videos ranging from homesteading, to Star Wars theory to of course, business and investing. You’ve probably done this once or twice. One conversation that stuck out to me was how Warren Buffett had no Warren Buffett to follow. There was no one before him who had built a fortune as big or in the way he built it. He dreamt it and built it, with no path to follow. It’s incredible. Buffett doing Buffett has inspired tens of millions of investors over his 75 year investing career, whether through his cheeky annual letters, exclusive morning interviews with Becky Quick on CNBC or his savage one off interviews or speeches he occasionally does. At this point, with how long he has been in the game, we take him for granted. Many of us are following in his footsteps. Buy great companies, own a lot of it, and hold. No matter what. This sounds second nature but without Buffett, we may not know these things. For Buffett, there has been no warn path before him, no mentors that he can look up to, no reference points, it’s been him figuring it out in real time and we’re all the better. And here’s the deal, it’s worked because it’s what he was made to do, what he loves to do.

Warren Buffet knows what he believes, he has deep convictions. Convictions enable people to do hard things, to weather storms, to understand when to move, to put ourselves in situations to grow and to keep building. Without conviction, people get tired, weak, and lost. How do I know? I’ve had both weak convictions and strong convictions and when I look back at my life, the strong convictions, those that I would do anything to uphold, have propelled me forward. You’ve probably experienced the same thing.

When it comes to investing, your career, and your convictions are everything. They enable you to stay invested, take shots that can lead to huge gains, and will help avoid damaging mistakes. Buffett has emulated this to a T, he created a new way to think about investing for millions, but to him, that was just what he wanted to do and he did it. He has deep convictions and has profited massively from them.

You must love what you are building, not necessarily, like, but love. I don’t always like running Fjell Capital or dealing with down markets or client tragedies, but overall, I love what I do. It fills me with excitement, and I look forward to going to work each Monday. And I have no question it will treat our clients, our team, and my family well, financially speaking.

The earlier you can find the freedom to be you and blaze a path of your own, the bigger you will be able to build.

Be like Warren. Think long term, think big and build out of your convictions.

Flight Deal of the Week

Flights from where you are to Madrid are on sale

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If you are reading this knowing you need to take your financial life to the next level. Please reach out. Simple as that.

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Fjell Capital is a leading wealth management firm designed to deliver results for people who desire to be excellent with their finances. Starting at $125/month and a 0.75% asset management fee you can work with Fjell Capital. No asset minimums. Learn more about Fjell Capital here.
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