Lessons in Investing: Reflections on Mergers and Stock Trading

This chapter explores the speaker's experiences in mergers and acquisitions within the oil industry, particularly focusing on a successful investment in Natomas. It draws parallels between stock market strategies and horse racing, emphasizing disciplined investing, thorough research, and the evolution of trading practices over the years. Personal anecdotes illustrate the journey from early confidence in trading to critical lessons learned about risk management, client interactions, and the importance of diversification.