Mark Matson

So it's more dangerous.

They're incurring commissions.

They're incurring bid ask spread cost.

If they did make a gain on the stock, now they're paying capital gains tax.

So this whole churning, you can lose a lot of money for churning.

And normally what they're doing is they're just chasing what's been hot over the last three to five years, having no analysis.

I always ask investors, is risk important?

And they say, yeah.

And I said, okay, well, how do you measure risk?

And they go, I don't know how to measure it.

I said, well, do you think you can control something you can't even measure?

And they're like, no, I don't think I can.

And that's a very good way to look at it.

But you measure it with standard deviation and volatility, and you never want to invest in something that you don't actually fully understand the risk of.

How do you define abundance as it relates to money?

Abundance is different for everybody.

So in the light of no purpose for money, there's no amount of money that's enough.

So if you don't have a purpose, and not just your money, but for your life, because your purpose for money is your purpose for life.

If I don't have a purpose for my money and my life, then no amount of money will ever be enough.

You win the lottery and win $100 million, that's not enough.