Get Think Tanked Distilled with Eric Dane

Most people know him as Dr. McSteamy on Grey’s Anatomy, but Eric Dane has a Hollywood career that’s spanned well over two decades, including his most recent series’, Euphoria and Last Ship. He also claims himself to be a “fledgling investor” still trying to learn the ins and outs of Wall Street. This week, he joined the ETF Think Tank to talk about acting, his investing approach and life lessons.

Dane says that he got more into investing in the same way that many did during the COVID pandemic, by opening a small day trading account in order to fill the shutdown time. Once he started, he soon realized how much he didn’t know about the stock market, cryptocurrencies or just how to be a successful investor in general. Among the more important lessons he learned are that patience and presence are invaluable assets and that buy-and-learn can be just as important as buy-and-hold.

His investing style today is to mix a few home run swings with steady growers, but he mostly focuses on the long term. Dane is a big fan of fine art and likens his investing approach to the way he approaches art. He says, “I buy art that I like and I buy art that I’m never going to sell.” He notes that this speaks to the discipline aspect of investing and doesn’t try to overthink entry points and price targets. He simply targets investment ideas that he likes and is willing to hang on to indefinitely. “Sometimes, you need to let the ship sail and hopefully you catch the trade winds.”

In terms of film and movies, Dane says that he was just like a lot of people during the COVID pandemic and was forced to take time off from his career. There’s a misconception that actors on TV are all rich and can afford to take time off, but the opposite is true in most cases. Like many, he wanted and needed to get back to work. He says that during this time he focused on what he could control, which was his professionalism, his attitude, and the idea of being of service to the greater whole.

When asked if he was also a confident person growing up, Dane says that, like many, he was just an awkward kid searching for his voice but worked hard on remaining confident in himself and his chosen path. He notes that many people believe that confidence is the result of success, but, in reality, you need confidence before you can achieve success. Success, however, can be a double-edged sword. It can make you forget what got you there and can feed a sense of overconfidence, something he says he tries to manage in both his personal life and with his investing approach.

With the pervasiveness of social media today, Dane says he just tries to be genuine and is careful not to portray a lifestyle that he doesn’t live. His belief is that you’ve got to mix some realism with business and suggests letting people peek behind the curtain to see what you’re like. He doesn’t want to be an “influencer” though and believes the real influencers should be people, such as parents, school teachers and trusted caretakers.

When asked what life advice he would give to his 18-year old self, he says, “Be patient. It doesn’t have to happen tonight. It’s not a sprint, it’s a marathon. If life is a series of choices, I just want to be a really good chooser. If you wait around for the perfect circumstances, you’ll wait forever. Make mistakes, but don’t repeat them.”

This week our guest will be Nate Geraci, joining us to discuss all things ETFs. Sign up here.


The information provided here is for financial professionals only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

All investments involve risk, including possible loss of principal.

The value of investments and the income from them can go down as well as up and investors may not get back the amounts originally invested, and can be affected by changes in interest rates, in exchange rates, general market conditions, political, social and economic developments and other variable factors. Investment involves risks including but not limited to, possible delays in payments and loss of income or capital. Neither Toroso nor any of its affiliates guarantees any rate of return or the return of capital invested. This commentary material is available for informational purposes only and nothing herein constitutes an offer to sell or a solicitation of an offer to buy any security and nothing herein should be construed as such. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested, and nothing herein should be construed as a guarantee of any specific outcome or profit.  While we have gathered the information presented herein from sources that we believe to be reliable, we cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed herein are our opinions and are current only as of the date of distribution, and are subject to change without notice. We disclaim any obligation to provide revised opinions in the event of changed circumstances.

The information in this material is confidential and proprietary and may not be used other than by the intended user. Neither Toroso or its affiliates or any of their officers or employees of Toroso accepts any liability whatsoever for any loss arising from any use of this material or its contents. This material may not be reproduced, distributed or published without prior written permission from Toroso. Distribution of this material may be restricted in certain jurisdictions. Any persons coming into possession of this material should seek advice for details of and observe such restrictions (if any).

ETF Industry KPI – 8/02/2021

ETF Industry KPI – 8/02/2021

Week of July 26, 2021 KPI Summary This week, the industry experienced 5 new ETF

Toroso Market Commentary for 2nd Quarter, 2021

Toroso Market Commentary for 2nd Quarter, 2021

In the midst of what appears to be a unique Q2 earnings season, with strong

You May Also Like