Value Investing In Your Car Episode 7 – Mini Book Review Of Total Recall

Value Investing In Your Car Episode 7 – Mini Book Review Of Total Recall

In Episode 1 of Value Investing In Your Car, I answered the question Does Value Investing Work Anywhere In The World?

In Episode 2I answered the question When Does Value Investing Work Best?

In Episode 3, I told you about the best book I read in 2017, and recommended some other great books that I read in the same year.

In Episode 4, I talked about how my family inspires me to become great and how having someone or something inspire you can change your entire life.

In Episode 5, I talked about how I may have found a new investment for the first time in almost 3 years.

In Episode 6, we talked about Anchoring Bias, its immense power, and how this relates to value investing.

And today in Episode 7, I’m doing a mini book review of Total Recall: My Unbelievably True Life Story – Arnold Schwarzenegger’s autobiography.

Let’s get to it…

Mini Book Review of Total Recall

Probably The Best Autobiography I’ve Ever Read

This is a value investing blog so why the hell are you seeing a picture of Arnold Schwarzenegger above?

To almost anyone on Earth, Arnold Schwarzenegger is likely thought of as a movie star, icon, bodybuilder, Governor of California or some combination of those four things.

But did you know he was wealthy before he became a worldwide movie star?

If you didn’t, you’re not alone…

This biography had been on my radar for years but I didn’t actually buy it until I heard Tim Ferriss interview Arnold about the book and get into how he’s a successful business person and entrepreneur.

I mostly read finance and finance – related information so why would this biography even be on my radar to read at all?

Because for people of my age – I’m 31 – Arnold Schwarzenegger is a bit of an icon.

I grew up with his movies, his fitness programs where in my schools all the way up to middle school, I won several of his Presidential Physical Fitness Awards in elementary and middle school, and after listening to this fantastic book, I learned he was an even bigger influence than I first knew for people of my generation.

For example, I didn’t know he was a huge force in bringing back the Presidential Physical Fitness Awards mentioned above until listening to this book. And I didn’t know he was a huge partner in building the restaurant chain Planet Hollywood that was big in the 90’s.

In short, if you are in my generation in the US, Arnold Schwarzenegger was a force and he had a massive influence on society.

But again, even with this, I didn’t buy the book until he and Tim Ferriss talked about his entrepreneurship and various business ventures. This is what hooked the business nerd in me to finally buy it.

And I’m glad I did…

It’s one of the best autobiographies I’ve ever read. And it’s going into the Recommended Reading and Viewing Page as a MUST READ!!!

Here is a brief video talking about why I loved this book so much.

Some of the stuff you’ll learn in this fantastic book are…

  • How he came from nothing in Austria to become a worldwide icon
  • ALL the business ventures that led him to become wealthy well before he even stepped on a movie set
  • How fantastic his work ethic is
  • How optimistic he is about almost everything
  • How varied his interests outside of movies, bodybuilding, fitness, etc. are
  • How he helped build organizations like the ones above and the Special Olympics
  • How and why he got into politics
  • How he built not only several business empires but also a real estate investing empire
  • And much much more…

After I finished the book, I did some research and found a couple of articles that estimated JUST his real estate investments to be worth north of $300 million.

And this doesn’t include any value from his movies or other business ventures.

So not only is Arnold Schwarzenegger a cultural icon to so many in my generation but he’s also become one of my business icons after listening to this fantastic audiobook.

I’d love to hear your thoughts on Total Recall in the comments below if you’ve read it.

Before you go, here is another great article about Arnold’s real estate empire and the mindset that led him to reach this status.

P.S. If you’d like all future posts like this, make sure to sign up to our mailing list for FREE here. You’ll also gain access to free gifts that will help you become a better value investor as well just for signing up.

P.P.S. If you want to become a great value investor fast and at a fraction of the cost of a normal university check out our new Value Investing 6 Week Masterclass.

The Best Book I Read All Year – Value Investing In Your Car Episode 3 – Mini Book Review

The Best Book I Read All Year – Value Investing In Your Car Episode 3 – Mini Book Review

In Episode 1 of Value Investing In Your Car, I answered the question Does Value Investing Work Anywhere In The World?

And in Episode 2 I answered the question – When Does Value Investing Work Best?

In today’s video I’m doing a mini book review of the single best book I read all year – Extreme Ownership: How U.S. Navy SEALs Lead and Win.

It's so great I did something I've NEVER done before after finishing it.
This is the single best book I read all year.

In the short 15 minute video I talk about the following things…

  • Why this is the best book I read all year.
  • Where I first heard about this book from.
  • The powerful lessons I learned about leadership and strategy from this book that I’m implementing in my own businesses.
  • Exactly how great this book is… Hint – It’s so great I did something with this book I’ve never done before.
  • Why I read so much.
  • What are some of the other great books I listened to or read this year.
  • And more.

When was the last time you read a book?  What were some of the powerful lessons you learned from it?  What was the best book you read all year?

I’d love to hear see your answers below so we can all see some more great book recommendations and learn from them.

P.S.  I’d love your help naming our new podcast/vlog…  If you have a great name please send it to valueinvestingjourneyteam@gmail.com with the Subject Line of Name For Your Podcast/Vlog so my team knows what the message is about.

P.P.S  If you want to get every post like this in the future please subscribe for free here.

Throwback Thursday – Lionel Messi Is A Failure

Throwback Thursday – Lionel Messi Is A Failure

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This is the third post in our new Throwback Thursday’s Series, where we share with you posts from the past blogs to bring you as much value as possible.

I’m reposting this article today because even now, 2.5 years later, it’s still one of the most regularly viewed articles on this site.

Other than some minor edits and updates, this is the same exact post as originally published in 2015.

Jason

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Famous Failures

This post is a continuation of my Famous Failures series.  To view earlier posts in this series go to this link.

The aim of Famous Failures is to show that all successful people are failures, and that to become great, we have to fail, learn, and keep moving forward.

Lionel Messi Is A Failure

In case you don’t know, the picture above is of the best football player in the world. Lionel Messi. The Michael Jordan of soccer.

Leo Messi

The above screen capture is from this video on Famous FailuresIt’s about the best footballer in the world – and my favorite player – Lionel Messi.

Below is an excerpt from this article detailing some of the adversity he faced growing up.

But Messi is no stranger to adversity. Born with an outstanding, audacious talent, nature, almost as if re-dressing the balance, denied him the growth hormone that would permit him to grow the same as most other children.

Messi said: “When I was 11 years old they discovered that I had a growth hormone deficiency and I had to start a treatment to help me to grow.

Every night I had to stick a needle into my legs, night after night after night, every day of the week, and this over a period of three years.”

“I was so small, they said that when I went onto the pitch, or when I went to school, I was always the smallest of all. It was like this until I finished the treatment and I then started to grow properly”.

A team cut him when he was 11 due to health issues.  But he chose to work and go after his dream of playing for FC Barcelona.  In time he became the best football player in the world, and one of the best of all time. The info below is from Wikipedia.

He’s won 22 team championships in eight different competitions. Has won dozens of awards including being the world’s best player, a record four straight times.  And holds – and is still breaking – dozens of records around the world.

For more information on Lionel Messi read: Lionel Messi Is The Best Footballer The World Has Ever Seen.

But to really understand his greatness you need to watch him. Below is a 6:22 video showing some of the reasons why many think he’s the best football player ever.

And to think, none of us would ever have known anything about Lionel Messi if he gave up when he first failed.

Dream big… Imagine what you can do if you keep pushing forward instead of quitting when you fail.

What do you think of Lionel Messi? Do you admire him and the way he plays football? Do you think he’s a failure for not winning a World Cup yet? Or are you wrong and think Cristiano Ronaldo is a better player 🙂

Let me know in the comments below.

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P.S. Since writing this in 2015, I’ve read Messi’s biography by Guillem Ballague – Messi – which I designate as a MUST READ!!! on the Recommended Reading and Viewing page of this blog.  If you want a more in depth look at the MASSIVE amount of hard work and sacrifice Messi went through to get to where he is today, this book is fantastic.

P.P.S. I put on a FREE webinar last Thursday teaching The 3 Secrets That Have Helped Me Beat Buffett In The Stock Market, so you can possibly do the same. If you’d like to sign up for FREE to view the replay of the webinar, you can do so here.

Do More, Fail More, Improve Faster

Do More, Fail More, Improve Faster

The video shown below – Do More, Fail More, Improve Faster – was inspired by Gary Vaynerchuk’s – A Five Minute Plea To Do – also known as “Fuck Your Gonna, Go Do It.”

I’ve added a YouTube video widget to the front page of the blog so you can view this and other future videos posted here on Value Investing Journey.

I’ve already got several videos like this coming in the pipeline but if you have any topics you’d like me to talk about please let me know in the comments below.

Also, make sure to subscribe to my YouTube channel to get future videos as they release.

Interview For How I Grow My Wealth

Interview For How I Grow My Wealth

Earlier this year John from How I Grow My Wealth asked me a question about P/E and EPS on my post: Why The P/E Ratio is Useless And How To Calculate EV.  And then we talked further about this and other value investing and business topics on Twitter and through a couple of phone calls.

Shortly after this, John asked me if I’d like to do an interview for his site and of course I said yes after our fantastic chats.

Below is a brief excerpt of the in-depth interview I did with him for his site

To view the entire interview please go to this link which will take you to it.

The interview includes talk about value investing, self-improvement, the $8 million acquisition I attempted last year, inspiration from Bruce Lee and Grant Cardone, and more.

I hope you enjoy it.

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I’m very excited to be sharing this interview with Jason Rivera, a man who in his first five years achieved better returns than Warren Buffet did in his first five years. Who is Jason Rivera? Let’s get into the interview and you’ll find out!

John: Can you provide some background on yourself and Rivera Holdings for those who aren’t familiar with you or your company?

Jason: Yes. I’m a self taught value investor who focuses on small and obscure public companies to buy for my investors. And I’m now also looking for private businesses and cash flow producing real estate to buy as well.

I’m the author of the acclaimed value investing education book How To Value Invest. Have run the blog Value Investing Journey for more than five years now. Wrote a 60-page booklet detailing the immense power of investment float that I released for free to readers of my blog and followers – on Twitter and Facebook – titled All About Float. Have written for several publications and investment newsletters including: Seeking Alpha, Guru Focus, Insider Monkey, and Palm Beach Research Group among others.

I mentor others on how to become great value investors, consult on projects requiring business analysis and valuation skills, and run my investment holding company Rivera Holdings LLC. out of the Tampa Florida area.

John: When you were a kid did you know you wanted to grow up to be a value investor?

Jason: Ha ? no. I don’t have any stories like Warren Buffett where he was buying things at wholesale prices – gum if I remember right – and then selling them at a higher price to his classmates as a kid.

Unfortunately, I was far more interested in playing sports, chasing girls, and playing video games than investing when I was a kid.

I always knew I wanted to make money, start businesses, and help people but the value investing part and putting effort into making those things happen only began happening in my late teens and early twenties…

Thanks a lot John for asking me to do the interview.  I hope our readers gain something from this.