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4min chapter
TIP519: The Education of a Value Investor by Guy Spier
We Study Billionaires - The Investor’s Podcast Network
Don't Buy Anything That's Being Sold to You
The first idea that enters your brain tends to be the one that sticks. Buffett didn't make a fortune on Coca-Cola and Apple by checking the stock prices every day. As Buffett says, when we invest in a business, we should be willing to own it even if the stock market were to close for five or ten years. The last rule he lists in his book is to not talk about your current investments until after you've bought them.
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