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Bill Nygren - Fundamental Investing From A Generalist’s Perspective

Value Investing with Legends

CHAPTER

What I Learned About Investing and Gambling

Bill: I started out with a very strong interest in numbers. My dad wanted to show my older brother and me how bad gambling was for you. He took out five nickels from his pocket and said, people mistakenly think they're going to make money when they gamble. And the first nickel he put in, seven nickels fell out. The next one, like three more. For me, that created a lifelong fascination in gambling. In college, knowing thatI wanted to go into investing, I majored in accounting.

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