On this episode of Motley Fool Answers, Alison Southwick and Robert Brokamp are joined for a very special podcast crossover event by Motley Fool co-founder (and host of Rule Breaker Investing) David Gardner. The hook? The Brothers Gardner will this week release the third edition of their now-classic tome, The Motley Fool Investment Guide, updated and revised for the world we're investing in today. And "investing," as David encourages us to remember, means you are a part owner of the company. Treating it like that has benefits.
A full transcript follows the video.
This video was recorded on Sept. 5, 2017.
Alison Southwick: All right, we already touched on this one a little bit, but have an ownership mindset. You talked about this with the home jersey, wearing your team literally on your sleeve.
David Gardner: Yeah, there's a lot of overlap there, and that's why I loved your five topics, all of which we talk about in the book and further illustrate and I hope just double-underline for a lot of people.
And again, I think a lot of Motley Fool Answers listeners already know we're contrarian. They already know about the ownership mentality, so I might be preaching to the choir, but I guess for this one I'll just point out the benefits of the ownership mentality. And that is, I want to briefly define the word "spiffy-pop," because it's a word that not every Answers listener will recognize, and yet it is my screen name online at Fool.com. And so I can't not -- I'm TMFSpiffyPop. That's my screen name around the Fool, so I have to explain briefly for those who don't know what that term is. It's a direct benefit of being an owner and having an ownership mentality.
So a spiffy-pop is when you make more money in a single day with a stock than you paid initially for that stock back in the day whenever you did. So for example, if a stock is at $100 a share today and you bought it at $33, and for whatever reason tomorrow the stock goes from $100 to $135 in a single day, that's $35 more. You bought it for $33, so you just, in my parlance, you just spiffy-popped.
Gardner: And it's an awesome feeling! A lot of people have never had that feeling ...
Southwick: I've never had that feeling.
Gardner: But depending on when you start investing and how interested you are in individual stocks -- and everybody's different -- if you are a longtime Motley Fool member, you might be interested to know, if you didn't already, that this year, in Motley Fool premium services, we just celebrated our 28th spiffy-pop just this year, when you look across the stocks that we cover in all our premium services.
In fact, yesterday or the day before, Universal Display, which is a Rule Breaker, spiffy-popped for the third time. And Activision Blizzard, which is a longtime holding in Motley Fool Stock Advisor -- a lot of people own this company; it's the great video-game maker, Activision Blizzard spiffy-popped for its 12th time, all time, this week. So 28 times this year it's happened for Motley Fool premium members, and that's about the best thing that we can do for our members, I think, is to make them that much money and to do it the way we've done it, which is being patient and having an ownership mentality.