385 - Lost Money
InvestED: The Rule #1 Investing Podcast
00:00
Buffet's Loss, Isn't in His Bio
Ben graham to warran buffit: I immediately thought of buffet at his annual meeting. He has taken losses so many times over the years, and nobody ever talks about them. And i just it was something that we hadn't really particularly in pointedly talked about. It's not in his bio that he has multiple times lost small amounts of money on various companiesThat's a wonderful example. But he doesn't care,. because it's not worth the risk, and it'sNot worth the effort, mental energy, time that he puts into his ownership of companies. The advantage of following a master like that is you get to see what that strategy and discipline manifest.
Transcript
Play full episode
