Are You a Level One Thinker or a Second Level Thinker?

Amateur or the level one thinker might be doing in order to buy, he's doing the exact opposite. Warren buffet has a fantastic example of how to think in different levels. And if you're not a second level thinker, well, then you probably shouldn't be in the stock bag at all.

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IN THIS EPISODE, YOU’LL LEARN:

How Preston’s short position of junk bonds is performing.
How any asset is attractive at the right price, and how no asset is attractive at the wrong price.
Why value investors should be attentive to credit cycles.
How all financial markets are swinging like a pendulum and how to profit from it.
Why value investing is like tennis for beginners.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
The Investor’s Podcast page executive summary of the book, The Most Important Thing.
Howard Mark’s book, The Most Important Thing – Read reviews of this book.
Benjamin Graham’s book, Security Analysis – Read reviews of this book.
Preston and Stig’s educational stock investing videos: BuffettsBooks.com.

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