2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH027: High-Quality Investing w/ Christopher Begg

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Being Prepared for Scarcity and Abundance

"I was struck for example when I was reading one of your old year end letters which I really love that I wrote to you about this yesterday, I think in some ways they're my favorite investor letters I've ever read with Nick's leaps," he said. "All sentient creatures seek abundance and fear scarcity so then you were talking about the importance of being prepared for these periods of scarcity so you can survive and exploit them" He added: "When you look at the most successful businessman the the Buffets and the mongas and the like they're prepared for these period of scarcity because this is built into the structure of life in this world am?"

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