3min chapter

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

RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Holding on to Good Stuff

Your grandmother was one of your great investment teachers because she never did anything with the portfolio that she inherited from her late husband. She held on to those 12 or 13 stocks that were in his modest portfolio at the time. Lockheed Martin and Pepsi increased their dividend every year for the 25 or 30 years that she lived after he died. So again, that lesson wasn't taught to me in a formal text. It was observation.

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