Markets and mistakes are the best education. The conventional education just closes the mind.
“I started out looking for cheap securities… Over time, I really fell in love with strong businesses. I morphed into finding strong businesses at bargain prices. I still have a streak in me that favours finding really cheap securities – I just can’t help it. But over time, I’ve become more attracted to looking for great businesses that are inherently […]
In investing, it’s often too late to wait till the picture is complete. It will be obvious to everyone else by that point too. To get an edge, start coloring earlier than other people, collect more “dots” than other people, and invest when the picture is 80% filled in and you’re confident in the final outcome […]