5min chapter

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

TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Is There a Patsy in the First 20 Minutes at the Table?

I love that idea about imperfect information, what you're kind of describing there earlier. One of my favorite poker quotes from Buffett or might have been Bridger, whatever he was referring to at the time. But it's if you can't spot the Patsy in the first 20 minutes at the table, then you are at the Patsy. And I find that so interesting with investing as well, because as I'm initiating an investment, my last thought is who's on the other side of this? Am I the Patsy on this side of the trade and really questioning yourself on that?

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