Everyone has an exciting backstory when it comes to investing -- when you started, why you started, which stock you bought first, etc. At The Motley Fool, we call our members' origin stories their "Fool Story," and every time a member is kind enough to share theirs with us, we learn something new. We consider this interplay between learning and teaching to be one of our greatest strengths.

As co-founder David Gardner explained at the most recent FoolFest, "Your investment work is a journey, it's a journey and it's a process of constantly opening our minds to new ideas."

Doron Meizlik is a member who recently celebrated five years of investing with The Motley Fool. Doron captured his reflections on the anniversary in a board post to similar members. Doron not only recalls how he came to the Fool, but also what he has learned over his five years:

Well that really snuck up on me. Without even noticing it until moments ago, yesterday I celebrated my fifth anniversary with the Fool. And since I've resolved to post more often this year, I thought this was as good a time as ever to tell a little bit about what I've learned around here in that time.

First, a bit about myself. I'm 27 years old, started my first job right out of college in September of 2008, and signed up for the Fool (and for a lifelong investing journey) in February of 2009. My investing career started off incredibly modestly, as I funded my initial account with only $2000. Each month, I add just a little bit more, whatever I've managed to save. It's not a lot, but it's what I can afford. Five short years later, I am on my way to meeting my savings and retirement goals. I'm so far from being an investing expert (or from even being good at investing), but I'm five years into a pretty incredible journey. Without further ado, my top takeaways from The Fool and from investing these past five years:

1. Time is the best thing we as investors have on our side. The Fool is fantastic, and great stock picks and great investing advice are wonderful. But not one thing I've picked up here can do as much for my retirement account as five decades of compounding interest can. The simple best decision I've made as an investor was to start at age 22. I've made a lot of mistakes over the years and will continue to do so, but that number 22 will make up for just about all of them by the time all is said and done.

2. It doesn't take too many big winners to have market-beating returns. Over the years, I've owned a bunch of stocks, as my portfolio has averaged about 20 stocks at a given time. Some beat the market, some didn't, but at any given time I can point to just one or two stocks in my portfolio as the reason my returns have crushed the market. Give me one NFLX, one AMZN, or one TSLA every five years and it almost doesn't even matter what the other 17 stocks in my portfolio are.

3. The boards are the single best resource on this website. I haven't taken nearly enough advantage of this resource, but I plan to change that going forward. Some of the posters on here are invaluable members of the community from whom I learn as much or more than from the recommendations themselves. And the bear cases are perhaps the most valuable posts of all (and frankly, there's not enough of them). As The Fool (the company) continues to grow, these longtime board posters are often our single best grounding in reality as we try to sort our way through the myriad recommendations and try to figure out what's what.

4. Learn to relax. Don't overreact to the bad news or the good news. I know this is hard, but perspective is important. One of my stocks (TWTR) crashed 24% yesterday (oops). Had this happened to me five years ago, I would have been catatonic. But now I know that these inevitable drops are just a part of the game, and framing them in the context of a multi-decade investing career reminds me that any one day is no big deal and will be canceled out and then some by the +24% days. By the same token, I also try not to get too high when a stock goes up 24%, as even a great performer still comes loaded with risk. It's all about managing expectations and keeping your emotions in check. Whether it's good news or bad news, I try to tune out the stock price performance as much as possible so that I can more objectively evaluate the company itself relative to my thesis for investing in that company in the first place.

5. Buy and hold works. While it's been easy enough to buy and hold these past five years, the real test for me will be the next serious (20+%) market correction. Over the long run some picks will inevitably bomb, but as long as you keep buying good companies and holding them for the long run you'll be OK. There will be some down years, sure, but hopefully my story can remind a few people that this philosophy, at its core, is a solid one.

6. Investing is fun. I know this is serious business, too, as it should be with my life savings on the line. But I've also had so much fun learning about these companies and discussing/debating them with co-workers. And if it's fun for you, like it is for me, you'll come to look forward to these discussions or reading the boards or the monthly rec or whatnot. It's always easier to want to get better at something you enjoy.

7. I don't know anything yet. Five years of experience is good, but fifty years is better. Compared to a lot of folks around here, I'm still an investing donkey. So I really just need to keep trying to learn as much as I can. The educational opportunities around here are themselves priceless. Just as time is on our side with respect to compounding interest, so too is it on our side for learning and gaining much-needed experience and perspective.

Doron's Fool Story highlights how integral learning is in investing -- along with jumping in early! At the 2014 FoolFest, Tom Gardner, co-founder of The Motley Fool, expressed the importance of learning when he said, "The more you learn, the more you realize there is to learn."

We think Doron's seven lessons from his five years as a Fool well reflect our philosophy of continual learning and enjoying the stock market. His lessons are also words that everyone can learn from. We congratulate Doron's five-year anniversary and look forward to his insights on his 10-year anniversary!


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