3min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#13: Mark Yusko Discusses His Bet With Warren Buffett

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Having a Beginner's Mind in Investing

You really need to be open-minded and you talked about how Stan Druckenmiller is so open-minded, he can change his mind very quickly. You talk about having beginner's mind in helping you analyze different investment opportunities. Can you talk a little bit about that and maybe how you kind of approach the markets the same way Newton used the scientific method? Yeah, I think a lot of it comes from when we talked about this. The first time is my training. I have scientific training as a backdrop, biology and chemistry major in college. And I really didn't know how that applied to investments until I got into investments.

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