The chapter delves into the actions of investors like Charlie Munger and Warren Buffett, along with a select group of investment managers, who strategically bought stocks in 2009 post the market crash in 2008, known as rule one investors. It challenges traditional diversification beliefs by highlighting Warren Buffett's view and emphasizes the importance of buying stocks at a rational price with a margin of safety to protect against uncertainties in the market.
The price of a stock doesn't mean that it equals value. Is diversification a myth? What is margin of safety? For show notes and more information visit www.ruleonepodcast.com
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