 Good day, fellow investors. I recently received an excellent question on my email. If you ever wish to send me an email, please do that on investwithsven.gmail.com. And the question was really a pretty simple, but an excellent question. What is the best investment advice I was ever given? And I was thinking a little bit, and then 2007 I think everybody was very excited about the stock market, especially in the country I was living in, which was Croatia. Stocks went from 1,000 points to 3,000 points. And then there was this guy, the guru, the enlightened guy on the little stock market forum that we had, he made so much money and his trades were amazing. He retired a little bit later, somewhere in, I don't know where, very rich. And it was absolutely amazing how he saw everything differently from what other people saw in 2007. And he said that investing in that time, in Croatia is extremely risky. The country is not on stable fundamentals. The businesses are not on stable fundamentals. It's all fueled by recent cheap money. There is no system that can hold this together for a long term. The stock market was at 3,000 points, up 200%. And over the next year it went to 5,000 points. So his warning about risks and focusing on risks was ridiculous. But from 2007 to 2009, the stock market went from 5,000 points to 1,200 points and now it is at 2,000 points. So it's much below the 3,000 points. It was 12, 14 years ago. And the best piece of advice was, when investing, always focus on risk. What is the risk, risk, what can go wrong? What are the long-term fundamentals? When you can find investments that have great, stable fundamentals, no matter what happens in the environment, then the only thing left is upside. And focusing on risk, focusing on what can go wrong, how to manage that risk is probably the best investment advice I have received. If you will read said Claremants, margin of safety, then value investing is really first about risk, managing that risk, focusing on risk, finding investments that have no risk to quote Charlie Munger. The only thing you have to avoid is permanent capital loss to quote Warren Buffett. The first rule on investment is don't lose. And the second rule on investment is don't forget the first rule. And that's all the rules there are. I mean, if you buy things for far below what they're worth and you buy a group of them, you basically don't lose money. Thanks, Warren, don't lose money, don't lose money, don't lose money. So the best investment advice and the best advice I can give you, don't lose money, focus on risk, avoid unnecessary risks, find things that have, not downside in volatility, how find things that have no downside in value, in margin of safety, in business integrity, in business longevity, volatility, there will always be volatility. But find investments that will always be there, will continue to compound and grow. And over time, your returns will continue to compound and grow. If you like this mindset, please subscribe to the channel. If you like this investing style, please check all my other investments on my stock market research platform in the links below. It's less than $1. I do the research. Day in, day out. And you get all of that served on a silver plate on my stock market research platform. Thank you and I'll see you in the next video.