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TIP547: The Truth About Stock Market Forecasts
We Study Billionaires - The Investor’s Podcast Network
The Balance Between Confidence and Humility
Gautam: Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you've made a mistake. He says Buffett tends to avoid turnaround situations because they're unlikely to play out favorably for investors. Gautam also tends to avoid fast-changing high-tech businesses as he stated that, quote, "...severe change in exceptional returns usually don't mix"
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