A wonderful discussion with a very thoughtful host and a good friend. This interview was conducted by Senior Investment Advisor Edward Vesely at The Motley Fool Australia, a company whose approach to investing prioritizes buying and holding quality stocks for long periods of time, focusing on business fundamentals rather than on stocks’ short-term price changes. This interview is reproduced here with The Motley Fool’s permission, and full credit goes to them. Bogumil Baranowski discusses long-term investing and the generation of wealth beyond one's own lifetime. He emphasizes the importance of viewing stocks as small pieces of businesses and the unique opportunity the stock market provides for individuals to become shareholders in great businesses. Baranowski believes in the power of an infinite investment horizon and the ability to build wealth that spans generations. He suggests involving trusted advisors and professionals to help manage intergenerational wealth and bridge the gap between generations. Baranowski encourages individuals to take an interest in managing their own finances and to see investing as a second career. Investing in high-quality companies in various industries is a fascinating opportunity. Education and learning about investments are crucial for making informed decisions. Building a close relationship with clients and understanding the businesses they own is important. Success in investing is an ongoing experience of being useful, adding value, and having fun. It's essential to remember that investing means owning businesses. Volatility and market downturns should be expected, and reacting emotionally can lead to poor decisions. Having a long-term perspective and staying invested is key. The ultimate goal is to reach a point where work becomes optional and financial independence is achieved. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.