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Waiting on Value
Risk of Ruin
The Parallels Between Value Investing and Poker
In poker, you sit around and wait for a hand that you can play. Warren Buffett has described value investing as being like a baseball at bat, except you don't ever have to swing. Both things reward patience. They're games of self control where you have to fight off the instinct to just do something.
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Listen to the best highlights from the podcasts you love and dive into the full episode