i love this analogy. Treat ownership of a business like you've just collected fine art. The problem with the way i do it is that new opportunities don't come along every day. You have to work hard. If you're doing this at 15, 20 minutes a week, then sitting on pieces of art that you bought would be a really smart idea. A very famous artist has been buying those paintings for years, an sitting on em. He's about mid forties, and he was tis like, i hope, you know, my wife hopes some day that i'll actually sell some of these things, you now.
Is it better to be sitting on cash during a period of inflation? How do you find a good company to invest in during an inflationary period? Should you bet against what the Federal Reserve might do?
Learn answers to these questions and more in this week’s episode of InvestED. Phil and Danielle are covering their final conversation on the takeaways from this year’s Berkshire Hathaway Annual Shareholders meeting and helping you figure out how to make intelligent investing decisions.
Tune in to learn how to stay disciplined and keep emotional investments in check during crazy times to build generational wealth in any environment!
Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V
Topics discussed in this podcast:
- Annual Berkshire Hathaway Shareholder meeting
- Market timing
- Inflation
Resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com
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