Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Listen to the Intro
The FALCON Method summary
David Solyomi
A Proven System for Building Passive Income and Wealth Through Stock Investing
25 mins
Brief summary
The FALCON Method by David Solyomi is a business book that introduces a system for entrepreneurs to launch successful startups. It provides step-by-step guidance for developing ideas, creating products, and scaling businesses.
Topics
Table of Contents
The FALCON Method
Summary of 8 key ideas
Audio & text in the Blinkist app
Key idea 1 of 8
When it comes to different types of investments, stocks are superior.
Stocks, options, bonds, mutual funds and commodities: The variety of asset types available in the financial world can make anybody's head spin. Professionals devote their lives to studying the investment landscape, so how can the rest of us hope to discern which assets are best? Thankfully, some of these professionals have given us a helping hand.
One of these is Warren Buffett, one of the most successful investors of all time and a constant source of financial wisdom. In a 2011 letter to his shareholders, he outlined three main investment classes and revealed his stand-out favorite.
The first is currency-based investments. These investments are tied to a national currency, and bonds are the most common example. Basically, bonds are a type of loan. The bond issuer – usually a corporation or government – sells a bond to an investor. The bond issuer also agrees to buy the bond back in the future for the same amount, plus interest.
Bonds are a currency-based investment because they’re issued and repaid in a certain currency – whatever happens, they’re tied to this medium. But currency-based investments contain a fatal flaw: You’re trusting that the national currency won’t rise due to inflation! If you have a currency-based investment worth $10 and inflation increases by 10 percent, $1 of your invested cash has vanished.
Buffett's second class is unproductive assets, investments which won’t generate extra income once you own them. Commodities such as wheat, oil and gold are the main types of unproductive assets. They’re unattractive too, because investors don’t earn a secondary income from owning them; they’re simply hoping to eventually sell them for more than they paid for them.
Buffett’s third category, productive assets, are the best type for building wealth and generating a reliable long-term income.
Productive assets, like a company or buy-to-rent real estate, aren’t tied to a national currency – it’s always possible to value them against gold or another currency. They also generate a secondary income, perhaps by earning the owner rent.
The best productive assets are company shares. Each share represents partial ownership of a company. For example, buying shares in Coca-Cola means that you’re part owner of the business – a shareholder – and are entitled to a share of its profits. These are paid out in the form of dividends, usually on an annual basis. What’s more, an investor still has the underlying value of her shares, which she can sell on the market at any time.
Want to see all full key ideas from The FALCON Method?
Key ideas in The FALCON Method
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
What is The FALCON Method about?
The FALCON Method (2017) offers up a precise, numbers-driven investment strategy perfect for the casual investor. The FALCON Method helps investors evaluate a set of assets to find the best opportunities, doing so by using reliable financial indicators and a structured approach designed to limit psychological bias.
The FALCON Method Review
The FALCON Method (2021) is a book that uncovers a powerful strategy for mastering productivity and achieving meaningful results. Here's why this book is worth reading:
- With its unique methodology and practical techniques, it equips readers with the tools to supercharge their productivity and make the most of their time.
- The book delves into the science behind productivity and explains how to harness the brain's potential to achieve peak performance.
- Through inspiring stories and actionable advice, it offers a refreshing and engaging approach to productivity, making sure you won't get bored along the way.
Best quote from The FALCON Method
A portfolio is like a bar of soap: the more you handle it, the smaller it gets. – Unknown
—David Solyomi
Who should read The FALCON Method?
- People looking to build their wealth
- Those desiring a reliable passive income
- Casual investors in search of a structured process
Categories with The FALCON Method
Book summaries like The FALCON Method
People ❤️ Blinkist
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
People also liked these summaries
4.7 Stars
Average ratings on iOS and Google Play
33 Million
Downloads on all platforms
10+ years
Experience igniting personal growth
The FALCON Method FAQs
What is the main message of The FALCON Method?
The main message of The FALCON Method is to achieve financial freedom through strategic investing and building a diversified portfolio.
How long does it take to read The FALCON Method?
The reading time for The FALCON Method varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is The FALCON Method a good book? Is it worth reading?
The FALCON Method is a valuable read for anyone interested in financial independence. It offers practical insights and strategies for successful investing.
Who is the author of The FALCON Method?
The author of The FALCON Method is David Solyomi.
What to read after The FALCON Method?
If you're wondering what to read next after The FALCON Method, here are some recommendations we suggest:
- Dropshipping by James Moore
- Tax-Free Wealth by Tom Wheelwright
- Passive Income, Aggressive Retirement by Rachel Richards
- The Unemployed Millionaire by Matt Morris
- Financial Freedom by Grant Sabatier
- Rule #1 by Phil Town
- The Little Book of Common Sense Investing by John C. Bogle
- The Intelligent Investor by Benjamin Graham and comments by Jason Zweig
- Living the 80/20 Way by Richard Koch
- Common Stocks and Uncommon Profits and Other Writings by Philip A. Fischer
Featured Titles
- A Beginner's Guide to the Stock Market
- A Brief History of Neoliberalism
- American Kingpin
- An Attempt To Repair America's Broken Credit System
- Confessions of an Economic Hitman
- Corporate Financial Distress, Restructuring, and Bankruptcy
- Democracy at Work
- Dividend Investing Made Easy
- Dual Momentum Investing
- Enterprise Risk Management