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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy
Superinvestors and the Art of Worldly Wisdom
The Biggest Mistake That Investors Make
"There's just only one way to make money in the markets, which is buy and hold," he says. "I always try to ask myself, what's my edge? ... I have some tactics that I've honed and they've worked pretty well." If you're a young person trying to live your life prudently, how do you tell him or her not to own anything? He tells them look, find, take some amount of money and just have it be in cash because something bad will happen.
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