But as you’ve learned, simple is not the same as easy. Easy comes with mastery, and mastery comes with practice. What you’ve learned this year will apply to every true investment you make the rest of your life.
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Kõik mõtted: Danielle Town, Phil Town
Invested vol 19
But dividend being paid out do not automatically means a company is doing well and they do not automatically mean a dividend is the best use of money.
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Invested vol 18
Invested vol 17
They wait in cash for Events that bring the prices down; they don’t (stock vs fund).
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Invested vol 16
It’s that all those typical mutual fund managers are doing in the market every day—speculating on the direction of the crowd in this industry or that stock. They are not investors.
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Invested vol 15
Invested vol 14
Here’s the important bit, though: companies are like horses—if you look deep enough, there is something wrong with every single one of them.
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Invested vol 13
… price is actually least important, because time will fix errors on a wonderful business.
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Invested vol 12
Professional investors are smart people, but investing is not about being smart; it is about knowing what you’re buying will be worth more in ten years and being patient.
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Invested vol 11
Buffet’s point is that fund managers commonly buy and sell based on fear or greed, not on ruthlessly rational, fully informed decisions.
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Invested vol 10
… Benjamin Graham’s investing strategy of “mentally, always buying the business, not buying the stock”.
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Invested vol 9
If we all acted like we are adults who take responsibility for our financial decisions, we would have massive power. It would also make this investing thing a lot more fun.
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Invested vol 8
Invested vol 7
No matter how many books are written about failure being good, failing is usually a personal disaster.
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Invested vol 6
In the 1600s, the Dutch came up with the history-changing innovation that led to such marketplace as we now have: they divided a corporation into shares of stock—which just meant owning fractions of a company instead of the whole thing—that were available to be purchased by members of the public.
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