19min chapter

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

TIP579: Big Mistakes by Michael Batnick

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Sticking to Your Strategy

This chapter emphasizes the importance of sticking to your investment strategy and not straying outside of your circle of competence. It shares stories of investors like Michael Steinhardt, Warren Buffett, and Bill Ackman who experienced losses due to venturing into unfamiliar markets and investment strategies. The chapter highlights the psychological impact of losing money and the significance of remaining disciplined.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode