Heartland Investment Partners - February 2025

Need fast cash? Get ahold of some lead and turn it into gold! While this suggestion may understandably elicit a chuckle in 2025, there was a time when this pursuit was common in the adventurous practice of alchemy. MYSTICISM AND THE MARVELS OF MATTER Originating in Egypt and reaching the height of its popularity in Europe in the 16th century, alchemy combines practical scientific experimentation with mysticism to change the nature of matter. Often conducted in secret, it is credited with promoting the evolution of mainstream chemistry, but skeptics have largely dismissed it as highly questionable quackery. NEWTON AND THE NOTION OF IMMORTALITY In addition to creating gold from standard metals (a process that ignored the now-obvious risks of handling lead), alchemists are mostly remembered THE ARCANE ART OF ALCHEMY Myth or Mastery?

today for their efforts to reveal the key to immortality. Most of their attention focused on uncovering the Philosopher’s Stone — an elusive substance that many believed could prolong life and turn basic metals into more lucrative materials — by mixing disparate items until the right combination was found.

Although no one ever attained this lofty goal, legitimate physicists like Sir Isaac Newton dabbled in alchemy as part of their groundbreaking research.

PIZZA BOXES AND PRACTICAL EXPERIMENTS Although the chance of encountering a modern-day wizard with a cauldron of random chemicals is slim to none, the spirit of alchemy is still alive and well. For example, turning unwanted items like used pizza boxes and banana peels into thermoplastics is a realistic, modern goal in the materials industry. It could even be argued that recycling is tangible proof of alchemy in action. Whether you greet outlandish experimentation with a scornful stare or wide-eyed wonder, some of humanity’s most significant breakthroughs have come from individuals who ignored the naysayers and charted new paths to discovery.

THE SECRET OF THE 1%

The Difference Between Wanting Success and Doing the Work

“You want me to do what again?”

If you ask people about the success of the top 1% income and/or wealth — the RICH — here are some one-word answers you would likely get on how they got to be in the 1%:

Second, we are in a time of exciting investment growth (especially through multi-family). I know there is a sea of unpredictability out there right now and a long list of other “world problems,” but we are living in the greatest time in history, and this also means that you have access to the best there is when it comes to investing. Third, over the last few months, we have seen a huge political push for something for nothing, and as transitions happen in the coming weeks, you will hear more and more about “fairness.” Though this push has been around for decades, you will hear more and more about how “big business” and “big investors” are ripping off the middle class. You will see more linking of big business and financial success to all that is evil. This is not a political statement by me — it is and will be fact . So, to end a long message ... As we move into 2025 soon, this is the page you need to be on as an investor. If you are not, that is perfectly fine, but this would not be the place for you, as we will continue working on growing your investments to achieve everything you can.

Many people want the same thing as the 1% but are not willing to do what the 1% do. Most are willing to buy a lottery ticket, though, but do not do the work to get the kind of lottery winnings. They want the winnings but not the work.

• • •

Evil

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Luck

Thievery

Injustice

Conspiracies

Being weird

Speaking of this ...

But there are real, useful explanations as to how the 1% got where they are. At the risk of oversimplification, it is through their own decisions, behaviors, and actions — lots of them, usually over a long, long time. THE 1% SIMPLY DO WHAT MANY DO NOT WANT TO DO. WHAT MANY WON’T DO. There is a vast difference between wanting the results and doing what is necessary to get them (as long as it’s legal, moral, and ethical). This applies not only to getting an “A+” on the next math test, building a successful business, losing that 20 pounds, being a successful investor, etc. — it applies to EVERYTHING . The facts are that the 1% got there by doing what most will not do in terms of time, effort, energy, risk, and the mindset of having a burning desire to get what they want and doing what is necessary to get it. But by doing things many people would find goofy and shrug off as weird and something they would not do even though it is instructive.

Many people hate and loathe successful investors who make a ton of money and are doing well, complaining about how they got their money by one of the means I discussed above. But if you offered them to trade places with a 1 percenter, they would do it in a heartbeat. Many hate them but would love to be them.

So, what am I doing, and where am I going with all of this today?

First, this is a “place” for investors who want to achieve more in terms of investment success and investment progress; including insulation, protection, and predictability. This is not a “place” for those who will not accept the facts of what it takes to be an investment success. If you are someone who denies these facts, then you are wasting your time being on this list, reading my emails, or listening to my podcast.

More to come in 2025! Keep a look out ...

–Darin

2 DARINGARMAN.COM

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