MI002: Investing and Entrepreneurship Strategies with Preston Pysh (Investing Podcast)
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Importance of Momentum in Investing
Preston: I think that for anybody who thinks they can absolutely nail the top of a market and you're starting your journey, you're going to have some painful experiences ahead of you. Buffett has a saying, he says, rule number one is don't lose money. And what he's really getting out with that is this math equation - if you lose 50%, it takes 100% return to get it back. You got to be very defensive in the way that you invest.
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