Discussion on the difference between short-term and long-term investing strategies, emphasizing Warren Buffett's approach of holding onto companies for the long term while selling if necessary. The chapter explores the significance of intrinsic characteristics of companies for long-term growth and focuses on buying undervalued businesses with catalysts for growth to aim for a 26% yearly return.
Mohnish Pabrai has a 26 on his license plate. Buffett should have it, Munger should have it and you should have it too. Find out what it means in this episode. For show notes and more information visit www.ruleonepodcast.com
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