In this episode, Scott shares 10 key rules on investing.

1. Allocation of your assets is everything. At least to financial sanity. We love the Vanguard tools for understanding allocations.
2. You must understand what you are investing in.
3. Develop a core investment plan and define your core investments.
4. Assess whether to use an outside investor.
5. Understand your own investment temperament and the difference between behavioral finance and financial optimization.
6. Develop clarity about your investment goals.
7. Bias toward index funds over individual stocks. Bias towards individual bonds over bond funds.
8. Never borrow to invest in stocks.
9. Understand all your assets and how they impact your portfolio. And their risk profile.
10. We tend to bias towards safety over absolute return.